All Forum Posts by: Loon Da

@Dustin Allen. Thnaks Dustin. Yhis is very helpful and clarified my question. Just got to wait until July 1, 2021 since COIVD it has changed the Notice of Termination.

1 Vote

@Dustin Allen. I see. Thanks for the tips. This is single family home. The Tenant Protection Act (TPA) is it exempted and Could give Termination of Residential Tenancies Notices (60 days) with no issued?

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@Dustin Allen. Hi Dustin. I got have a quick question currently the home in CA. I asked the the tenant what was their plan before the one year lease expired and they said in the text that they will move out at the end of the lease or a lottle early. And now it has been passed the lease and they are on month to month. It is still vaild that I could give then 30 days notice or 60 days is required? TIA the help.

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@Damon Wong

Read Tom Wheelwright Tom on Chapter 23 or 22 can remember. It will have the question to the CPA and then you can go from there.

1 Vote

@Zachary Himes

Your best bet js ask a CPA or Tax lawyer. Insteas of paying the Tax how can you cash out Tax free legally. Find that individual who can do that.

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Thanks Andrew, for the information. Your information, tips and advices have help me big time when come to seasoning. I found a lender that does no seasoning. Otherwise, I would be trapped 6 months to 12 months plus with other lenders I was about to refinance with.

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That is bump up for me as well. Looking for CPA year round.

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Originally posted by @Justin Phillips:

@Loon Da With underwriting/Processing/Title/Escrow/appraisal, there’s not going to be a ReFI option to a lower rate with nothing paid at all.

There's always going to be costs, it's really just a matter of ROI on those costs. If everything is rolled in, the cost will be in the form of a higher rate. The broker/bank has to profit somehow.

What’s your current rate? That’s a good place to start to see if it makes sense. Then from there, you’ll want to see how long it will take to pay for the associated costs.

The interest is currently at 4.125%

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Renting a bedrooms goes around $800 - $950 per bedroom. Depend on the size and what access does the tenant get to used

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Sacramento, California

Your goals and story: A primary resident looking to lower down monthly payment with no cash out.

Type of property: Single family home

Location of property: CA, Sacramento

Purpose of financing: purchase, lowest rate with no out of pocket and no add to the loan amount.

Type of financing sought: which one qualify for the lowest with the criteria above

Current or prior ownership of real estate: Just Primary Resident

Income Source: Salaried/hourly W2, Business.

FICO: Excellent

Credit issues: Excellent Condition

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All Forum Posts by: Loon Da

Loon Da has started 3 posts and replied 14 times.

Post: Tenants notice: 30 or 60 day?

Post: Tenants notice: 30 or 60 day?

Post: Tenants notice: 30 or 60 day?

Post: Wealthability by Tom Wheelwright

Post: Cash out an investment to pay off student loans - Avoid Cap gains

Post: Recommend Type of Loan to Refinance

Post: CPA Recommendations in Sacramento, CA

Post: Recommend Type of Loan to Refinance

Post: Seeking Advice on House Purchase-Natomas Area

Post: Recommend Type of Loan to Refinance