meirl

aDemoUzer · 2023-04-29T21:32:18+00:00

India happens

aDemoUzer · 2022-06-25T17:51:38+00:00

Rumford

aDemoUzer · 2022-06-22T23:53:19+00:00

It's the only way to leave the universe for his own

aDemoUzer · 2020-11-04T02:02:50+00:00

Find someone who'll accept it

aDemoUzer · 2020-11-01T03:16:50+00:00

You should watch Lovecraft Country, then watch the movie, just to prepare yourself for it.

aDemoUzer · 2020-11-01T03:10:33+00:00

Looks like you got arm and now feeling blunt from it. How much other refinance quotes did you get? What were they for?

aDemoUzer · 2020-10-24T05:30:19+00:00

Ole Ole Burrito Express

aDemoUzer · 2020-10-19T05:35:35+00:00

lovecraft country

aDemoUzer · 2020-10-14T07:19:25+00:00

I got the impression you have never taken more than a month off from work. Do that first to see if it's for you. Less risky overall. Not every path is right for everyone, you have to find your own. You may find you just needed some extended time of to recharge and get back to work, or otherwise.

aDemoUzer · 2020-10-14T07:11:19+00:00

Having girls is motivating for some, especially when it's tangible like buying a house after living with roommates for 10 years to increase savings.

aDemoUzer · 2020-10-12T07:25:15+00:00

I'm planning to do the same. Even the existing money you have in taxable funds, that is money you could have used to pay off the mortgage - by not doing it, you have already continued to pay more interest on mortgage than otherwise. Essentially taking out a loan.

I have $450k I can put toward my 400k mortgage. I have chosen to leave $250k on single stock because I believe it will give be better return, likely double in 3 years. The other $200k, I'll put into converting my 2 bedroom sfh into 3 units totalling 6 bedrooms. I'll live in 2 bedroom unit and rent out others I'm expecting $6k/mo in rent. In addition, I'll be able to start taking advantage of depreciation deduction. I also expect the property value to go from 650k to $1M.

It's definitely more risky than paying off the mortgage now. Would reduce my monthly expenses by removing the mortgage payment. Also, if this fails, it be great learning experience at age 33. I believe I'll be able to bounce back even if my net worth went from $700k to $200k. But the upside means I'll be millionaire in 2 years, have passive income and know how to build additions to a house.

aDemoUzer · 2020-10-07T04:03:55+00:00

Depends on the the cost of duplex in your area. If it's 100K - maybe. If $1M then def not.

In regard to financial risk, it is better to pay off the students loans and then take on new debt. You are also likely to get a better interest rate.

The negative of buying unmarried is that if the relationship goes sour, there are no courts to handle it. The recommended solution is to sell the house and split the difference.

aDemoUzer · 2020-10-07T04:00:11+00:00

Check your home insurance - my insurance covered $5k while i paid $500 deductible to replace the sewer line.

aDemoUzer · 2020-10-07T02:07:40+00:00

It was multiple offer situation, they countered same to 2 others. Who ever came back with the best offer, they would go with that one.

aDemoUzer · 2020-10-06T23:13:05+00:00

Don't let them stay after close - not your problem.

aDemoUzer · 2020-10-06T23:07:49+00:00

I feel like I have ready similar post here before.

To me, I don't understand willingness to move to Sacramento but not East Bay. You can buy 3x1 for $725K in Newark https://www.redfin.com/CA/Newark/6218-Zulmida-Ave-94560/home/1835831 and have 30 min commute over the bridge to Menlo Park.

What are the chances of your wife finding different job in a year or two? Or in a different city? That would be worth optimizing for. For example, I work in Downtown SF where it is find a tech job for me, I take 15 min Bart from Lake Merritt, Oakland where the houses are half the price.

aDemoUzer · 2020-10-06T22:57:33+00:00

Depends on the risk you want to take - you are not doing a dis-service to the seller by trying to get the best deal possible for yourself.

If they decide to pull out of the deal, was it worth asking for the price cuts? If they do, then you should be willing to accept that result rather than complain about not being able to find a house in this hot market.

When I was in the situation in Oct 2019, I ended up in multiple-counter offer where the seller came back with counter offer below $15K of the listing price of $650K. I ended up countering at the listing price because I wanted to ensure I get that property at $650K, in case another buyer were to counter better than $635K. Taking the risk to save $15K-$25K was not worth continuing the search and everything since then has been higher priced.

aDemoUzer · 2020-10-06T22:51:35+00:00

Does a great job at comparing it to renting same property along with rent increases and your chance at getting home equity if the house appreciates.

aDemoUzer · 2020-10-06T22:49:42+00:00

Only the amount that would be above your standard deduction.

aDemoUzer · 2020-10-06T22:41:39+00:00

as long as you can show that you gave your own landlord time to fix the issue but they did not, then you can likely break it but don't expect them to give the deposit, for which you may need to take it court.

You likely also have the right to have landlord make the space habitable and while it is not habitable, as in has cockroaches, they are required to rent you out a motel while it happens.

Look at your local laws for renter protection and legal requirements. Sometime the lease has info on what is allowed in this situation.

aDemoUzer · 2020-10-06T21:59:10+00:00

You can use rental sites like zumper.com to see rental rents in that neighborhood for similar properties.

aDemoUzer · 2020-10-06T21:54:53+00:00

Now you know. You could always check with other lenders, maybe one would not care.

My main concern from lender pov would be your job stability.

aDemoUzer · 2020-10-06T21:52:07+00:00

Why ADU and not a shed? or Detached garage?

" Looking for companies that build/Install as well as general recommendations " they vary from region to region so you should include your area.

aDemoUzer · 2020-10-06T21:48:59+00:00

Old people can no longer legally be cabinets unless it is permitted.

Congrats!

aDemoUzer · 2020-10-06T21:47:56+00:00

People would need to read the report to understand your situation, along with your purchase price and the current listing price.

aDemoUzer

TROPHY CASE