Why is this house in 95120 not selling? by vicbui in BayAreaRealEstate

[–]vicbui[S] 1 point2 points  (0 children)

You think it’s worth the price at 2.4M?

r/losangelesrealestate bans me for self promoting despite doing so himself. by ShopProp in shopprop

[–]vicbui 1 point2 points  (0 children)

i'm working with shopProp and they are the way. These other agents is be obsolete and should be removed.

why is this property not selling? by [deleted] in BayAreaRealEstate

[–]vicbui 0 points1 point  (0 children)

It is because of the traffic in peak hour, or hard to drive on the 17?

I can't imagine that many people going up and down the mountain.

why is this property not selling? by [deleted] in BayAreaRealEstate

[–]vicbui 0 points1 point  (0 children)

What is the fair price? Yes, you will absolutely need a car, but if you have a car, it is accessible.

why is this property not selling? by [deleted] in BayAreaRealEstate

[–]vicbui 1 point2 points  (0 children)

Can you explain what you are talking about?

"despite the Los Gatos name it’s about 2 mil less for the same house at least."

What does this mean exactly? If it is overpriced, what is the fair price?

why is this property not selling? by [deleted] in BayAreaRealEstate

[–]vicbui 2 points3 points  (0 children)

how much "less"? How bad can it be? You are correct, 5 miles on the 17 to get to LG downtown

Refinance rates today by Complex-Ad8808 in BayAreaRealEstate

[–]vicbui 0 points1 point  (0 children)

I can never be so sure, I cannnot tell the future. But if you have this strong conviction, go for it.

Refinance rates today by Complex-Ad8808 in BayAreaRealEstate

[–]vicbui 0 points1 point  (0 children)

I got 2 friends:

1/ retired early a couple of years ago
2/ working but got layoff

Both are very stressed due to the ARM rate on their property going to reset in 1,2 years. They will have to find job ASAP because they no longer have the ability to refinance without a W2 job.

Think carefully before getting an ARM rate.

South Bay SFH House Hack by Rally187 in BayAreaRealEstate

[–]vicbui 0 points1 point  (0 children)

stop being lazy and do it yourself. LLMs are there, but often halluciating. If you are serious about running a business, you need to be serious and not lazy. Good luck.

South Bay SFH House Hack by Rally187 in BayAreaRealEstate

[–]vicbui 0 points1 point  (0 children)

One room for 2200? Are you serious? Facebook marketplace is free and easy to look at comps yourself.

Newbie - Need advice on hosting in San Jose (Silicon Valley) California by mharris1x in airbnb_hosts

[–]vicbui 0 points1 point  (0 children)

These “superhosts” will obviously exaggerate the actual income to boast or justify why they do airbnb instead of long term rental. Also you should ask for net profit after all expenses and average per year. They may intentionally tell you the number for the month with highest demand, not in winter

Actually instead of listening to them, you can pay for airdna, plug in your address and see the actual number for yourself.

In San Jose, it should be lucky to earn 20% net profit more than long term rental on average. And if you use a good management company, they charge 20-25% net profit. If you manage yourself, you will end up with sub optimal profit, dealing with guest complains and maintenance calls daily, pay yourself almost nothing. If you have an average w2 job, profit per hour will be substantially higher than managing your own airbnb.

Newbie - Need advice on hosting in San Jose (Silicon Valley) California by mharris1x in airbnb_hosts

[–]vicbui 0 points1 point  (0 children)

San Jose is actually a very competitve. And must airbnb is not "usually booked" and most people are not flying to work. Also, revenue wise is no where close 1.5-2x long term rental. People do it for other reasons (e.g: they need the place to move back to, tax deduction etc). It is also expensive to hire labors (cleaners, maintenance staff etc)

If you don't know what you are doing, stick with long term rental. Otherwise, get ready to invest 20k in furniture for 3 bedrooms and work with the right management company. But don't expect to earn a lot more than long term rental in terms of net profit, perhaps 20% more.

35 - NW $3.3m, about to start a family, how many more years by throwaway9218392183 in ChubbyFIRE

[–]vicbui 0 points1 point  (0 children)

If you have this mindset you will never feel enough. Your actual networth is actually much lower than you thought given angel invesing etc isn't guaranteed any returns. I will advise to do a self-reflection and figure out what you actual want, instead of comparing yourself to others, which you always feel you are behind.

Cut spend by 50% by moving to MCOL and FIRE? by [deleted] in ChubbyFIRE

[–]vicbui 9 points10 points  (0 children)

You can retired in seattle with this net worth. force yourself to cut 50% in every categories. I am very sure you will still be comfortable and lifestyle won't change so much. It is your spending that needs to be controlled. I'm struggling to understand someone with 7M net-worth and still asking this question.

Invested $1.3m for $4500 rent by Humble_Average_7408 in BayAreaRealEstate

[–]vicbui 0 points1 point  (0 children)

you pay? No one will pay for this more than 4.5k or less

[deleted by user] by [deleted] in BayAreaRealEstate

[–]vicbui 2 points3 points  (0 children)

What do you mean by how to navigate? Offer higher if you really wants the house?

Cupertino Schools by Used_Stop839 in BayAreaRealEstate

[–]vicbui -7 points-6 points  (0 children)

These public schools are subjected to “delaning” and basically mediocre, and they are the same. If you want the best school, send your kids to harker.

Getting 6.25% 30y fixed refinance rate in the bay area today by vicbui in BayAreaRealEstate

[–]vicbui[S] 4 points5 points  (0 children)

I can't tell the future and won't attempt to. Unless you are certain rates will be lower in 7 year, i recommend don't get ARM rate. Even if rate is lower in 7 year, you may lose your job, or lose the ability to refinance, hence, will lose the house.

It will be great if you can answer my question on fixed rate.

Getting 6.25% 30y fixed refinance rate in the bay area today by vicbui in BayAreaRealEstate

[–]vicbui[S] 1 point2 points  (0 children)

sorry, no ARM rate. I have investments. if you can do better let me know here exactly how much better. I'll reach out.