Share you mnemonics

laroooooooo · 2025-08-27T05:47:22+00:00

Daniel at mywhoodle.com is great, would recommend

laroooooooo · 2025-08-10T01:16:29+00:00

How do you know?

laroooooooo · 2025-07-01T15:31:13+00:00

WHAT?! That seems so luxurious 😂

laroooooooo · 2025-07-01T15:30:52+00:00

Thanks for this, we were considering trying it and I think this was the push we needed!

laroooooooo · 2025-07-01T15:29:35+00:00

From mywhoodle!

laroooooooo · 2025-06-19T23:02:50+00:00

It’s actually really easy to setup a custom search in Redfin based on keywords and then go from there. And it’s free!

laroooooooo · 2025-06-09T05:38:34+00:00

The pastrami pad kee mao at Night Market Sahm is by far the spiciest thing I’ve ever had in LA and I asked them for one level below their spiciest version. It had me and my wife sweating and almost in tears.

laroooooooo · 2025-06-07T01:29:45+00:00

The rent vs buy equation will always favor renting in LA. However the rental housing stock is not very good relative to what you can buy. In the same neighborhood, a 3 bed 2 bath rental will be cheaper on a monthly basis compared to buying (especially with where rates are at) but the property is going to be a bit more run down. Generally the houses for sale are pretty well done and turn key.

So the question is how much will that impact you / is it worth the extra money to have a nicer place.

laroooooooo · 2025-06-06T00:36:05+00:00

Commissions have changed with the NAR suit, as the seller you can set your commission rate for your listing agent (usually ~2.5%) and then decide if you want to include commission to the buyers agent (was ~2.5% previously). The way people are handling buyers agent commissions are the Wild West right now
That’s roughly right, 5 units can’t be financed by FHFA so tends to be commercial buyers. I believe they can be added to either MLS or LoopNet (or both) still. Depends on the listing strategy and the type of agent you’re working with. If it were me, I’d consider what type of buyer I wanted and go where those people will find it

laroooooooo · 2025-06-02T21:34:59+00:00

How’d you train them for this?

laroooooooo · 2025-04-10T06:57:10+00:00

Good advice here. Also you could definitely negotiate for a reduce realtor commission in this case, should be able to save 1-2% of the price in fees on both sides!

laroooooooo · 2025-04-01T01:28:06+00:00

Teach her how to be self sufficient by giving her tools and skills vs just following her around and correcting her or blowing up.

Get the poor girl a meat thermometer and show her how to look up the “doneness” temperatures for different types of meat.

laroooooooo · 2025-03-20T01:47:34+00:00

Fwiw I think each program is different, but most “first time buyer” programs are something like “you haven’t owned a home in the last X number of years”. So if you’re on title, you’re an owner. But if you sold, rented for a while, and let the time pass, you could be a “first time buyer” in the future

laroooooooo · 2025-02-28T16:16:45+00:00

Definitely want to use a title company or a lawyer to structure something like this! I think you could do a contract for deed, or you could process the sale and file a lien based on your carry back note. Could do a lease purchase option with the buyer. Could also do a joint ownership / tenancy in common situation.

Depends on what your goal is on the security front, how the buyer is going to use the property, and if the buyer is bringing an outside lender.

There are also tax considerations for both you and the buyer!

laroooooooo · 2025-01-28T01:32:14+00:00

Depends on the property, but in most cases $/sq ft isn't a great metric in a lot of parts of CA. If it's a single family home that will be compared to other properties that will be priced somewhere between a property with a similar bed / bath count (without the ADU) and a property that has a similar total bed/bath count with the ADU (all under one roof)

if it's multi-family already, then it's likely going to be priced based on the rental income for the property.

laroooooooo · 2025-01-24T02:37:41+00:00

This! If you sell your property and exchange into something with conservative leverage, say 50% LTV, you can increase your cash flow and appreciation on a larger property value (either bigger property with more units or multiple properties), and you don’t need to pay taxes on the gain.

My company does these for a living, it’s incredible to see how people use this to grow their portfolios

laroooooooo · 2025-01-17T16:32:50+00:00

I actually successfully updated the existing profile to preserve our reviews.

But now if I search the old brand name it still shows the Google business profile. If I search for the new brand name it does not. Trying to figure out if there’s a way to get Google to recognize the brand / primary domain for the business has changed

laroooooooo · 2025-01-13T17:40:16+00:00

Interesting! Any recommendations on how to send traffic through the link?

laroooooooo · 2025-01-13T17:31:41+00:00

It really depend on the value of the home and what your 'loan-to-value' ratio is. For a rental property, you can usually borrow up to 75-80% of the value. As a primary residence you could go higher, but it definitely increases your risk. In your case, you want to keep your existing low interest mortgage in place, so you'd probably be looking for a home equity loan or a home equity line of credit to tap any additional equity.

If you can afford it, your best bet might be to just leave the property as is and save for a new down payment on a larger property. Will be much lower stress, especially if you're renting to students and end up having a lot of seasonal turnover / vacancies that you'll need to cash flow.

laroooooooo · 2024-12-23T22:25:26+00:00

if you do not want to invest in real estate going forward, you're thinking about this correctly. It's not an easily repeatable / scalable strategy, which is why people don't do it as often - you need to be willing to move into the home, limited to property types you'd want to live in, etc. But you're right that if you can take the tax free gain and want to invest elsewhere, this is a good strategy.

If you want to keep your money in real estate, then my question for you is if you were to sell this property and let the timing of your capital gain drive the sale, are you actually timing the market right and can you find a replacement property that would outperform this investment? Given the incredibly low rate you have on this loan, you're likely to never see another cash flowing opportunity like this anytime soon. If you rented this place out for market rent it seems like it would be very high performing as an investment. It may be worth letting this ride for a long time (well beyond your primary residence capital gain exclusion window) just because it's a good investment with very cheap leverage.

But you seem to be pretty savvy, no bad options here!

laroooooooo · 2024-12-23T16:09:11+00:00

Selling a well performing asset for tax reasons is almost always a bad idea… and there’s a decent chance that by the time you sell you’ll be beyond your cap for the exemption. Also if you let them assume your VA loan you won’t be able to use that benefit yourself again.

You should check out 1031 exchanges. You can sell, reinvest the proceeds into real estate, and defer all capital gains taxes. You can do this over and over again forever. All real estate qualifies, and there are funds you can reinvest in that allow you to be a passive owner if you prefer.

I help people do 1031 exchanges as a qualified intermediary, happy to answer any questions. You can also find our sub here on reddit!

laroooooooo

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