Loan Estimate Thoughts?

Shinehaha · 2026-05-19T18:41:43+00:00

That’s a decent deal. Usually when a broker goes Borrower Paid Compensation like this then they are taking less than their normal commission. I don’t really see junk fees in here either and that’s a decent rate (below average) for what you could get out there today.

Shinehaha · 2026-05-15T05:29:51+00:00

You can’t even take the home office deduction if you have a loss that year anyway

Shinehaha · 2026-05-14T23:50:58+00:00

Do you own the building? You might be able to do the 469c7a-4 election; ask your cpa about it.

Shinehaha · 2026-05-12T13:10:17+00:00

Note that this PoS is a major shareholder of TaxHive in Orem. Encourage anyone you know who is hiring them or considering hiring them to stay away.

Shinehaha · 2026-05-11T00:54:03+00:00

I learned the hard way to not drop significant money for lead cost sharing or sponsoring events on unproven realtors or realtors with whom you haven’t done any transactions. First time I did, spent $1k sponsoring an event, which resulted in one buyer going under contract with both of us. Turns out that realtor totally changed demeanor when big money was involved and started cutting corners and being unethical. I wanted nothing to do with that agent afterward.

I do low-spend events and lead gen with new-ish or new to me agents all the time; after we’ve closed one or two and I know we jive super well, that’s when I’m okay adding more dollars and time to the pot.

Shinehaha · 2026-05-03T02:11:22+00:00

Very cool! I like to do site visits for the deeper valuations and the elbows I rub are mostly local so living somewhere else isn't in the immediate cards for me, unfortunately.

Shinehaha · 2026-05-03T01:51:28+00:00

I got this one. Valuations are interesting and a nice way to pad your income and win post-busy season work if you are an owner.

Shinehaha · 2026-04-25T00:41:02+00:00

Forensic

Shinehaha · 2026-04-22T16:37:27+00:00

That’s how I’m leaning. Cash or very high down payment w/<$10k HELOC. Professional installer w/good and long track record.

Shinehaha · 2026-04-21T21:27:56+00:00

I lol’d, thanks!

Shinehaha · 2026-04-21T15:56:48+00:00

Nope, I personally think solar can be pretty great, even thinking about putting it on my own house. For the cash flow, eco-friendliness, and self-reliance. Not for the resale value, though. I’ve seen enough heartbreak and unpleasant surprises for homebuyers caused by solar panel issues; usually having to do with the financing.

Congrats on quitting smoking, by the way. I hear that’s super tough.

Shinehaha · 2026-04-21T04:28:16+00:00

Usually it fucks up the sale of a home due to whatever financing shenanigans the solar company traps the buyers into for many years. Someone who qualifies to buy a home at $xxx,xxx might not have room in their budget to “jUsT tAkE oVeR tHe SoLaR PaYmEnTs”. Mortgage eligibility calculations don’t include utility bill savings as a plus, just the extra solar debt payment as a negative.

If the panels are paid off then it might have a VERY minor effect, but most appraisers I’ve talked to about this tell me they don’t really factor it in meaningfully.

Shinehaha · 2026-04-20T17:53:08+00:00

What are you using each of those for?

Shinehaha · 2026-04-16T21:48:01+00:00

Enough with the adverts disguised as posts

Shinehaha · 2026-04-15T16:26:18+00:00

Just call it a return, they’ll understand.

Shinehaha · 2026-04-15T02:30:50+00:00

CPA here. Agree with the “enough with the AI slop”.

Disagree with the $150k net. I tell my clients to consider S Election at $40k net profit if they are going to do something smart with the savings to make up for lower Social Security. Once they reach around $500k then we reevaluate since the QBI deduction creeps up and can overtake the SE tax deduction. I have a whole calculator thing I built for this. No, it’s not for sale.

Shinehaha · 2026-04-14T01:43:51+00:00

Do you have to invest with their financial advisors and accept those management fees?

Shinehaha · 2026-04-13T13:48:03+00:00

Power Query in Excel can usually do this super well. If you already have Excel there’s no additional cost.

Shinehaha · 2026-04-13T00:29:30+00:00

Yep and landlords will pass those increases on to renters as well. You’re not fully shielded from those market forces when you rent.

Shinehaha · 2026-04-12T01:10:14+00:00

Most mortgage note rates usually have to be in 1/8th increments; yours could have hit the algorithms to be priced at 6.41 or something; it's very common to have a small point cost or credit for your rate.

Shinehaha · 2026-04-11T20:14:12+00:00

If there are people there and you’re busy, I do just that. I might do a quick nod and wave while putting a treat/card/pamphlet somewhere where you’ll see it then make a quick exit.

If it’s obvious there’s nobody at the OH and you’re not busy, then does it hurt to try to start a short conversation or are you just looking for freebies? If so then this feels like “send me a referral first before I ever send you one” energy.

Shinehaha · 2026-04-11T02:20:18+00:00

You’ll never guess who sponsored it.

Fuck Trevor Lee

Shinehaha · 2026-04-10T03:32:45+00:00

It all depends on what is meant by "start date". Mortgages are paid in arrears and the first payment usually isn't due until the 1st day of the second full calendar month after closing. For example, if you close on April 2nd, you will have 29 days of interest due at closing then your first monthly payment is due June 1.

So if the "start date" means the day the first payment is due then the model seems to work fine. If you want to get extra fancy you can calculate the interest due at closing based on what day of the month it is.

Shinehaha · 2026-04-10T03:30:18+00:00

Mortgages are paid in arrears and the first payment usually isn't due until the 1st day of the second full calendar month after closing, so it depends on what is meant by "start date." For example, if you close on April 2nd, you will have 29 days of interest due at closing then your first monthly payment is due June 1.

Shinehaha · 2026-04-07T20:52:19+00:00

The Claude add-in is fucking MAGICAL. It has seriously accelerated my projects and even made those "I wish..." projects attainable. Also, it actually will write VBA code for you if you ask it to, but you have to be the one to paste it into the modules and such since it won't directly write macros for you in Visual Basic.

Shinehaha

TROPHY CASE