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CoronitaParticipant[quote=zk][quote=Coronita]
Most people who get waitlisted get in to schools most of the time,[/quote]
I’m curious where you’re getting that information.
This website has stats that disagree. I don’t know if those are accurate, and I’m looking for accurate stats on the matter.
…maybe times have changed but every kid that I knew that got waitlisted ended up with a deferred admission to the next semester or ended up squeezing into the fall past and present..with the exception of the really famous schools like MIT who people usually don’t turn down, unless you’re like my sibling that got in pretty much everywhere. This applies to kids from CCA, TP, and Westview.
CoronitaParticipantthings probably aren’t as bad in Arizona. Definitely not as bad is they would be in Nevada. Good thing OP decided Arizona.
CoronitaParticipant[quote=scaredyclassic]im hoping this somehow presents an opportunity for my little one to sneak in off the waitlist. I’d gladly pay 7.4k for sdsu, even for video, but 14.3k for ucsb seems like a ripoff. 7k a year savings, times 4 years is 28k, keep that invested, maybe have 50k in 5 years, enough to pay for half a year of dental school.
i want the little one to be a dentist. or an orthodontist. i’ll do reception[/quote]
Most people who get waitlisted get in to schools most of the time, because there is a fudge factor of x number of students that don’t accept and y number of students that later drop out. Every school I was waitlisted for ended up offering admissions either in the fall or spring semester, except MIT.
CoronitaParticipantKey consideration again is the specific location rental property is located, not a one size fit all solution. I’m sure the rental markets in different parts of Arizona probably look different than different parts of California which look different from different parts of Nevada, depending on how deeply the industries were impacted by covid, which a heavy bias towards areas specifically impacted by a high concentration of tourism.
Completely different set of rental rules in Arizona. The only real test is to put a similar property on the market to see what sort of rent it could fetch and how many and quality of tenant pool. You might find someone interested in a pie-in-the-sky rent price, but if it’s for someone with a 550 credit score, there’s a high probability they wont pay soon. On the other hand, those odds go down significantly if that person is 700+. If the bulk of the interest is in the low credit/low income scoring range, then either you’re pricing it to high or you’re investing in area that’s going to high a higher probability of problematic tenants….That’s not to say people with high credit scores can’t wig out on paying…That’s possible too, but the probability is lower…Zillow makes this easy, because as part of people contacting you, they can fill out their credit score. Those that conveniently leave it blank have something to hide. Because those with higher credit scores like to mention it because they are looking for an edge over every other applicant, even the possibility of a lower priced rent for that better score.
CoronitaParticipant[quote=outtamojo]Just occurred to me this is the perfect time for scammers to move in and stay forever without paying any rent with all the moratoriums and such.[/quote]
Id ask for first month and last month rent and 1-2 month security deposit. That’s probably a lot to ask for and settle somewhere in between. Some wrote me a $16000 check as a condition of moving in, and had to wait for the check to clear. If they can’t come up with the money, that’s a red flag.
CoronitaParticipantIf the property is out of state, then I’d look into the tenant right laws. California is probably the worst case scenario for landlords. States like AZ are probably more landlord friendly. So all these concerns about tenants not paying you might be overblown for your respective locale where your property is. Even in CA, it’s not really a free for all. At some point these people still have to pay you back… Besides, in CA, it’s not just the temporary moratorium that one needs to worry about. It’s also about all the other crazy laws they are trying to pass, like the ones sponsored by two SF assemblyman that wants to cut rent 25% across the board in CA. AB-828. https://californiaglobe.com/section-2/bill-to-reduce-california-rents-by-25-using-coronavirus-crisis-as-opportunity-to-erode-property-rights/
Most ridiculous thing ever.
Sadly, I know one of the guys sponsoring the bill. We went to same grade school. Phuck you Phil.
With Craiglist, you can play around with the price. Sometimes dropping the price by $100/month is the difference between getting +- 10 extra interests who contact you.
Zillow is trickier because you have to actually enter more details about the property and address but it’s also more reliable as far as getting real tenants… (Craiglist has been getting more to be the wild wild west).. There’s a way, however you can list a rental without providing an actually street number, only a street name. So that way, you can create a burner account to test the waters…. I do this all the time and price the actual rental appropriately based on the amount of response and quality of the responses.
92130 is what an area where I think a majority of the landlords are “accidental landlords”… They bought a house, outgrew it, and rather than selling it and buying real investment properties, they rent it out. Partly to gamble on the appreciation in 92130 and partly because they have more money than know what to do with it… The issue is that the tenant pool in 92130 tend to also be wealthier, so they typically don’t stay as long in the rentals as elsewhere, from what I can tell. So a lot more homes to choose from. Though many stay vacant because again, i guess the owners can hold on to them that way.
CoronitaParticipantI’d venture over to craiglist and zillow lookup the zip code where your investment property is and figure out how much and how many properties are currently listed for rentals…
In fact, I’d try to make a fake craiglist or zillow post offering this house as a rental at the price you think you were originally going to rent it for to see how many people will respond. That will give you a reality check as to how much demand is softened near your particular sub market.
When I did this for one property near SDSU, the response rate was roughly 4 per week, and many had not so great credit score
When I did this for one property in mira mesa, the response rate was roughly 15 per day, where 3 out 4 had 700 or above credit scores. Hence, why I sold that condo near SDSU and did a 1031 exchange.
This probably matters even more during these times.
92126 still is a shitty market if you are looking for a 1/1 (and lesser extent 2/2) to live in. Very little inventory.
https://sandiego.craigslist.org/search/apa?query=92126&availabilityMode=0&sale_date=all+dates
92130, on the other hand, plenty of rentals available.
Carmel Valley, contrary to popular belief is not that great as a rental market versus say Mira Mesa.
CoronitaParticipantif you don’t mind me asking, where is the property? Is it here in SD or even in CA?
CoronitaParticipantI would personally hate living in the city. Too dense, not enough personal space, parking is a bitch and you need to pay for it all the time, high HOA, high cost of food. .No thanks. Being a bachelor in the city is only so fun so many years when you are still young. It gets old really fast. But if it floats people’s boat. all good.
CoronitaParticipantCoronitaParticipanthttps://www.cnn.com/style/article/cities-design-coronavirus/index.html
“Nearly a third of Americans are considering relocating to less crowded places because of Covid-19”
CoronitaParticipantBut seriously, this would pencil out pretty nicely if this passes.
I think if I stopped working at my regular job, I can massage my passive income to just below $100k/year in order to meet the income requirement by taking on more operating cost (like buying more rentals that cashflow worse).
Then the government will give our family roughly $6000/month for just sitting on our ass. That’s like $172k/year for doing nothing. I have no debt, no loan, and now with reduced income, pay even lower taxes and qualify for other benefits. This might be the ticket to my even much earlier retirement. I think I can live on $172k/year especially when $73k/year is a government guarantee that gets paid for doing absolutely nothing.
And this would help out landlords because then everyone should be able to pay for rent. Section 8 no longer needed…
When is the vote on this suppose to happen?
CoronitaParticipantah nevermind, someone just pointed out to me they limit the kid count to 3. Shucks… I thought this was a better way to cash flow if it was unlimited.
CoronitaParticipantSeriously this is awesome, $2000 for each family and $2000 per kid…. Take for instance that security guard that was shot and killed for confronting someone without wearing a mask… According to the news, he and his wife has 9 kids. If this was actually a law in place, instead of working as a security guard and getting killed over a stupid mask, he could have stayed home and earned $2000/month for himself and his wife, and then with 9 kids, $18000/month for his kids.
He could be making over $240k/year just to stay home, better than most single wage owner with no kid with an advanced college degree. I don’t see a downside to this for families with kids. I only see downside to people who are still single and need to work supporting everyone else with families and kids. Just like in France. This is so awesome. We can consider adopting kids as way of making money. I’m, being serious. If you only have one kid, $2000/month probably isn’t a lot.. But there’s an economy of scale such that if you really had a lot more kids, there’s got to be some threshold that the economics of $2000/kid/month makes financial sense and you can earn money from this and that each kid doesn’t really need $2000/month to raise. Again, something a family with two parents could easily juggle at the expense of single people with no kids paying if all they are doing is just staying home raising kids and not working. Octomom would earn $18000/month too!
They can all get free public school and get into a free community college or free college campus in places like NY.
Screw rentals. Have more kids. Generate $1500/month in cash flow per kid. A kid probably can cashflow better than houses in San Diego.
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