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All Forum Posts by: Connie Cao

Connie Cao has started 6 posts and replied 19 times.

Post: Solo 401 K recommendation

Connie CaoPosted
  • Garden Grove, CA
  • Posts 21
  • Votes 2
@Arshad Hussain. Check out @ sense financial. They locate in South CA. I have mine set up with them. Very professional and quick response for support.

Post: Orange county CA, does it required stairs inside the house

Connie CaoPosted
  • Garden Grove, CA
  • Posts 21
  • Votes 2
I have a large attic in a sf in mission Viejo, Orange county .ca. I want to convert that attic to a master bed with stairs access from backyard. I wonder if it required to have a stair inside the house to be able to add stairs outside? Plant to have it as an airbnb or rental units once it done. Any GC can help answer my question? Thank uou

Post: # Mortgage and tax question

Connie CaoPosted
  • Garden Grove, CA
  • Posts 21
  • Votes 2

I plan to pay a few loans of for refinance them to a portfolio loan under a llc name. Or slowly pay some loan off Then move them to llc. clear up rooms for future purchases and DTI. But worry from the tax standpoint where I exchange it to avoid taxes now I change mortgage type or title. Not sure it will complicated on taxes.

Post: # Mortgage and tax question

Connie CaoPosted
  • Garden Grove, CA
  • Posts 21
  • Votes 2

My spouse and exchange 1 property from CA for 10 properties SFR in another state. Because it's require both our name on new loans from previous sell, we are not stuck at 10 loans. We plan to use some cash and paid off some of those loans and free up # of mortgage and change the title of the properties into LLC.

Would this triggers tax for any mortgage clause for us?

Thank you for your time

Post: Halfway to 10k Hours of Listening to Podcasts (Best Podcast List)

Connie CaoPosted
  • Garden Grove, CA
  • Posts 21
  • Votes 2

I have listen to majority of those podcasts on your list as well for almost 1 year. it's help to identify what fit my personality, time, money and I have my favorites as well.  some give me ideas which market, and why that market and some blogs also help were to start.  take action is always the scary step at 1st but once go through it once, it's getting easier and easier and more interesting.  What help me was I listen to the interview and I contact that investor and ask them for their thought and action why they pick that market or that provider, and learn from them. everyone on the podcast are so helpful and willing to share.  You do have to identify who are trying to sell you things and who are really try to help educate newbies.

I have to say you put together a good list there. Thank you. There maybe a half of it I don't listen to because it's not passive for my interests.

Post: Duct Tape has Asbestos removal in Center point -AL

Connie CaoPosted
  • Garden Grove, CA
  • Posts 21
  • Votes 2

Hi, if anyone in center point -AL area know can you recommended a good handyman/contractor to do some small fixing for a single family home?

How much to remove duct tape in HVAC and a flue pipe that has asbestos?

Thank you

Post: cash out mortgage or line of credit

Connie CaoPosted
  • Garden Grove, CA
  • Posts 21
  • Votes 2
To keep credit score high you can only use 30 percentage of available balance so for you to use 50k credit card you have to have 150k in available balance. Credit can only be run 45 days apart not to get hurt by score decrease. I have learned that from one of the rich dad seminars.

hi all,

I need help connecting with good home inspector, insurance agent for my 1st out of state rental property purchase in Spring, TX.  if you know a good inspector and insurance company, can you please let me know.  Thanks

Post: Spring, TX purchase from MLS. Looking for advise please

Connie CaoPosted
  • Garden Grove, CA
  • Posts 21
  • Votes 2

Hi All,

I am from California and this would be my 1st out of state investing. I know Humble/Spring, TX area through work travel couple times. but not much on the market or rental market. I hope if you are in this area you can give me some advises. I am in the process of purchasing a 3beds 2 bath build 2008 single family home in Spring TX through MLS listing. I just spot the property through Redfin. I od'nt have agent represent me. The property listed for 150k. look like a decent price when i check the area sold for around. I offered 131k and seller counter it at 135k. the house in good condition. seller just move on and bought land and build his/her own dream house per seller agent.

I check rentometer, craiglist, zillow rent is around 1300-1400 for this area. tax is around 3.167%. insurance around 1200/year

Should I move forward with the purchase of 135k? Can you confirm if this area would be easy to rent out for 1400/ month?

Your oppion are greatly appreciated for a newbie of out of state investing

Happy holidays

1024 E Bastanchury Rd, Fullerton, CA 92835

It's in the corner of stater bros

I see on google map the business name is

AKADEMIA Fullerton

@Brett Synickyundefined