All Forum Posts by: Daniel Y.

Yes, thank you. It's a little closer to answering my question and helping others.

We all hear about those great rates being advertised on TV, the radio, and those annoying ads on any social media platform because EVERYONE is tracking you. You hear or see the "30 years fix rate at 2.75%! Call now!" or something close to that.

Given that rates will vary depending on so many factors, such as credit score, DTI, etc. I would like to know, and I am sure many other people would like to know as well, what factors will give us the best rate?

What do I mean?

I know borrowing at a 60% LTV will give you a really good rate. Are there any other points between 60% and 80% LTV that will trigger a different rate tier? We know borrowing over 80% will trigger getting PMI for conventional.

Can you trigger a better rate if you borrow less than 60% LTV?

What about loan amounts? I know a lot of lenders do not lender under 50k and if you go into the jumbo loan range in your area, the rates starts going up. So what is that happy number that will work best nationwide? 200k, 300k, 400k+?

Jack did a great job of breaking down and explaining everything, including the cost. With me working at a FinTech company and work with many devs, I can tell you that those numbers for outsourced devs and in-house devs are pretty spot on for the average.

There's a lack of information in your request, but from you mentioned so far. The requirements for your project is a bigger lift than you thought, and you realized that with all of the attempts through Upwork.

It sounds like you are looking for a tool for personal-use or for your own PM company, but not for commercial resale. What are the current tools out there that is not offering what you are looking for? Can you name some software that you have looked at and point out what is lacking for you? Maybe we can help you from there.

I know a lot of people have experience househacking, specifically rooms for a SFR, and a lot of people are thinking about househacking, including myself.

In my case, I am planning on renting out ~3 rooms and may have 3-4 roommates (I am thinking about renting out the master for a much higher amount, so it could be rented to a couple).

For the people that have had success in finding roommates. Do you all have any great advice? Such as where to look, and who or what to look for that led to your success in finding a great/good roommate(s)? Maybe you got a horrible roommate, what did you learn from that experience to share?

Well, there's probably more factors to this. However, just based on the info given and if you want to maximize your returns.

Suggestion: Rent it.

Reasons:
-You haven't lived in it for at least 2 years, so you do not qualify for the homeowner exemption (Section 121), therefore if you sell it now then you will have to pay tax on it.
-Sounds like it cashflow well. Rent it, if you rent it for at least an year then want to sell it, it will qualify for long-term capital gains tax.

I'm not an accountant, so please double check with yours.

Honesty, it will drills down to region culture and personality preference (lot of other factors that I bucket under personality such as age, gender, etc). You are getting a broad range of suggestions/answers from us, but really you should be asking your customers, especially the repeat customers, to get a sense of how you should move forward.

I would suggest having them fill out a survey, then you can analyze their answer. I would also say you are in a good position since you have 50% repeat customer. They would be your "priority" customers, if you needed to weigh the feedback results.

 Lol, probably not that extreme, but I get where you are coming from. I'm from your neck of the woods (or government planted trees) ;)

I would say something more realistic in our area would be a duplex with 2bd/1ba for a C/B class area and an average C- class building rating.

*Please note the below are perspectives from a California law point of view. There may be some similarities between what I have mentioned and what can be applied in Texas (I am assuming and have not done the research). I would take the concepts and double check with the state laws.*

You have provided additional context, which is important in reviewing any case. I agree with the individuals above, do not give her the names of the crew.

There are two categories to qualify for an actual sexual harassment case (in California). One, something extreme, the crew opens the door, or if the door is open, and walks into the property and just stares at her. Two, a pattern of multiple citing. Blinds or curtain are closed and they are trying to look through the openings. I would argue that if the blinds and curtains were open and they just happen to look that way, it should not count.

Best thing you can do is talk to the lawn crew and tell them to avoid looking her way, do it by e-mail and have them confirm (it provides a record, it kind of sucks for the crew since there's a record, but it protects you because it shows that you took steps to prevent this action and not ignore it after you have been made aware of it).

Hope this helps.

Sorry, nerd side stepping in. You forgot one part in your quote. Fear leads to anger, anger leads to the dark side ;)

I do agree with Stephen. If they wanted to go in the first place, let them go.

The overall concept of wanting to make a unit/property more attractive to potential tenants is 100% correct. However, if I understand your question correctly, why doesn't EVERYBODY do it? Then easy, it's not feasible. Two high level main factors are market and operator. When you have a small mom and pop investor owning one or two SFR, they may not think of these things period or it just doesn't make sense to do and/or they just don't have the money and they either can't get a loan or a loan will take a very long time to recoup.

The reason I agree with you that it's possible. Professionally done, luxury apartment complexes around my area. You can find some very well planned units, and they are going for the low low price of about $3-5/sqft for a 500-600 sqft studio.