All Forum Posts by: Aaron Ta

I bought a place in November 2019 as an owner-occupied property in California and I intend to convert it to a rental after 12 months of living here. However, my mortgage broker just presented to me a great refinancing deal that I can't refuse (from 3.75% to 2.321% with points and from a 30-year to a 29-year mortgage).

My question is: if I refinance today, would the clock start over and I have wait 12 months from now in order to convert it to a rental? I want to do this properly and avoid any possible trouble with the lender.

Hi 

Despite the 50 basis point drop from the fed earlier this week, I noticed a few lenders mentioned the rental property rates went up because of the uncertainty with the corona virus and the stock market.  Getting quote for 5.1% to 5.5% for rental properties. 

Does anyone know when these rates will come back down again? Or will it go up even more?

Any help appreciated. 

Thanks

Hi Chrissy, I am looking at doing the same. Did you manage to get a template from anyone? Also are you aware of the laws in relation to renting to roommates? I cant seem to find any useful resources. Tried calling legal aid, the local Merced CA county. They all did not want to help me as I am a landlord in the roommate rental situation. Which kinda sucks.

@Nick Berard love it! Can’t wait to follow your footsteps! Looking to close my first deal by the end of the year!

@Craig Jeppesen do you see potential for another drop in the rate?

@Chen Zhou I live in Berkeley and currently looking to enter in Michigan too. Very new and been doing a lot of researching. Thank you for sharing your story. Can we meet up for coffee? I would love to learn more of your experience so far. Aaron

@Brie Schmidt thank you Brie

Hi everyone

Very new to investing. I am looking for amazing and generous people who have made it successfully in property investing, and be kind enough to share your stories.

I believe in the modeling off successful people. In return, I promise to do the same for others and the community.

So if you are in Berkeley CA or the Bay Area. Please hit me up.

Please note I would likely decline any offers for paid training at this stage.

Do give me a shout out 🤗

Cheers

Aaron