All Forum Posts by: Anssi Viljanen

Thank you for your response Andrew Johnson

Ben Wilkins Chris Mason thank you for your responses. This person is an actual financial planner and apparently this is what he does himself. The whole concept struck me as very near-sighted and risky. You pin pointed the problem in expecting appreciation and having unrealistic expectation of interest rates. All that being said, is it true what he said about the 30% tax break because of the new home owner status?

Hello Community, I want to be in the flipping business and want to learn the ropes in negotiating. Do you think working for a big Wholesaler like New Western Acquistions would be a good place to work to get more experience as I am working to pay off my debt and eventually being able to spend money on my own marketing? Thanks, Anssi

Hello community, I was talking to a financial advisor and he brought something interesting to my attention that I wanted to ask you about. The advisor suggested that for my personal residence I should buy a house instead of paying rent and make interest-only payments. Here are the following benefits that he listed: - interest payment is smaller than rent payment. The money that you save by not paying principal can be reinvested. - you get about 30% off in all your taxes because of the new homeowner status - you will get equity in refinance - every time you refinance you renew your new home owner status - interest is tax-deductible - depreciation is tax-deductible Here are my initial questions: - There would be a balloon payment in the end, wouldn't there? How does it work? If I had been investing my principal say over 30 years wouldn't that enable me to afford paying the balloon payment? - do interest only loans still exist? For context: I live in Los Angeles and I pay $1,550 in rent for 2br-1b Thanks already for all the input! Anssi

How much more up to date is the MLS than Redfin?

Im entering discussions regarding an acquistions manager job. How are acquisitions managers typically compensated? Is it typical AM is a part-time job or is it typically a full-time position?

@Dennis Canon

Redfin past sales! Thats all I needed. I can figure it out from there im sure. I was concerned with not having mls access.

I definitely do not want to trust anyone else for comps.

Is there a way for me to pull the comps myself?

Hello community,

How do I determine ARV? I know it is based on comps. Is there a way to get comps without MLS access? It also seems to me that my RE agent sends me comps that are really not very useful: comparison to 10yr older sale, different # of rooms, different zip code sometimes, different decade of construction

Now this is LA where areas have been developed in multiple times so i dont know if LA comps are different in that sense?

All help appreciated!

Anssi

Hello Community,

My wife just find out that our sweet retired neighbor couple owns a number of vacant houses. It seems like they really don't know what they have in their hands. The houses came up in the same conversation as the retired lady was musing where to get a part time job to supplement her retirement. It seems like there is a need that would be well taken care of I bought some of the houses.

I want to approach the couple to see if they would like to sell. But how to approach the conversation? How does a typical conversation go to find out whether a seller is motivated? Furthermore, if the seller turns out to be motivated how do I base my offer? I think that basis for the offer is even more important than usual when the seller is getting a tiny bit senile and I don't want to take advantage of them.

Thank you already in advance!

Anssi