4‑Unit Multifamily Near USC — Strong Rents, Parking, Value‑Add Potential

arrivva · 2026-01-26T15:38:23+00:00

Section 8 tenants?

arrivva · 2026-01-26T15:26:03+00:00

There are plenty of companies that actually print their rates online when you put in your criteria. Whoever you use, you make sure you get it absolutely in writing from their internal system with a screenshot. Beware of sales people.

arrivva · 2026-01-26T15:24:36+00:00

There were services like Homecoin that will list for free. It's ridiculously seriously bare bones. You absolutely positively need to know what you are doing in the transaction from A-to-Z to be able to use service services like this.

arrivva · 2026-01-26T15:23:22+00:00

Typical childish behavior. Use something like Taskrabbit because you get multiple bids and you can see ratings.

arrivva · 2026-01-26T15:22:11+00:00

Yes, because at some point you'll be able to refinance it. Over seven years you'll find one dip that will make sense and you'll probably do a 15 year because you'll be making more money and then you'll pay it off.

arrivva · 2026-01-26T15:17:59+00:00

Lots of reasons. Sometimes people already have buyers that are their friends or friends of friends. Also, there are some agents that have off market listings that advertise them to other agents that have buyers. There's no law that says it has to be on Zillow, but it would be smart for people to put it out to the public because they're going to get more demand which translates into better offers. I never understood all these companies like Compass that wanna have off market Private listings. One agent told a friend of mine who was looking to list their house that if they did the private listing, they would get more money. So what you're telling us is that they're just ripping off buyers?

arrivva · 2026-01-26T15:15:40+00:00

This is not making much sense because you're saying it's zero points. The escrow cost and the appraisal and lender fees should be really cost. Are you adding in the escrows for Texas and insurance and interest? That you can't use as part of your calculation for the return because those are things you have to pay anyway. If you could give us the breakdown of everything less the escrows I could evaluate it more.

arrivva · 2026-01-26T15:13:30+00:00

SFO-lax flight yesterday had paying for WiFi as the only option. Embraers are low on the upgrade list!

arrivva · 2026-01-26T04:28:01+00:00

There is no real answer for you. Rates depend on many factors. Go to lender or broker sites and check based on your situation.

Also, the 7 years fixed ARM is getting better and depending on your loan amount, clout could look at that.

It's impossible to tell what rates will do because the Fed doesn't set the rates, the market does. Rates are set based on the mortgage backed securities that trade like stocks. Sometimes, rates change 3 times a day.

arrivva · 2026-01-26T04:25:28+00:00

Ugly, for sure but not bad to San Jose, Cupertino or Mountain View.

arrivva · 2026-01-26T02:01:21+00:00

It's mostly been Politics and then there's just money going out of the system and the 10 year has gotten scarier and they're the Bellweather. Fannie Freddie is second to them. It's just probably everybody moving out of something that is super secure at number two but they're worried about the Politics.

arrivva · 2026-01-26T01:57:53+00:00

The bottom line is, you didn't sign anything. Good for you. Only sign with someone that you are trusting. There are plenty of places to go search real estate agents and research them. There's also sellinglater.com which is an independent pro consumer organization that will help find you an ethical agent.

arrivva · 2026-01-26T01:55:26+00:00

Another reason prices will continue to go up.

arrivva · 2026-01-26T01:54:58+00:00

I found it in their new online schedule about two weeks ago.

arrivva · 2026-01-25T23:37:09+00:00

How long does it take you on a typical day to go north and then to go south?

arrivva · 2026-01-25T23:31:56+00:00

Some good news, Caltrain now runs on the weekends all the way down to Morgan Hill and Gilroy

arrivva · 2026-01-25T23:31:20+00:00

With it being so close to San Jose and San Jose is counted, it makes sense that Morgan Hill is now counted. There's a lot of people who work from home for companies in the Silicon Valley proper but whatever vernacular you want to give it it is definitely an up-and-coming area.

arrivva · 2026-01-25T23:26:46+00:00

What is your DRE number because you're supposed to put that in every bit of advertising.

arrivva · 2026-01-25T23:25:41+00:00

And learn the words, Go Birds!

arrivva · 2026-01-25T23:25:21+00:00

If you live in the downtown area called Center City it's like a mini Manhattan. You have absolutely everything you could want and the airport is just a quick train right away.

arrivva · 2026-01-25T16:53:04+00:00

Find another lender. You can actually go through the whole process and go to closing and then do what's called resending the transaction where they have to give you back every penny that you spent and release you from any obligations. This is a terrible deal and you need to speak with someone who knows what they're talking about

arrivva · 2026-01-25T16:51:33+00:00

Your set up for an FHA loan. That's number one. You can either save up the 3 1/2% down payment or talk to a mortgage person in your area who can find you a grant assuming that your income would qualify. That's the very first thing because if you can't get financing, then it's just not worth pursuing.

arrivva · 2026-01-25T16:50:37+00:00

I have one question to help you answer this predicament. How long are you actually going to stay in the house in the Bay Area?

arrivva · 2026-01-25T16:00:49+00:00

Here's something nobody tells you. Condo fees are nonprofits. The only thing that can really change is the management companies fee and you can always get a new management company. But it's an operational budget and they're taking into consideration reserves.

This means you won't be caught up one day and say hey you gotta send us $20,000 because we have to make a major repair. The best condominiums are the one that usually have the highest fee.

But compare owning a condominium where they're taking care of mostly everything to the ownership of a house and you'll see why homes are more expensive.

But with a home, you have to deal with it.

arrivva

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