All Forum Posts by: Denzel Faulken

Hey Greg,

It’s a regular FNMA loan fha. If the home was a single family their interest would still be protected values in the areas are up. I am surprised as well.

So I have a question, I have a property that has a main dwelling and that has a carriage house (ADU) in the back it was my first property ever bought I was severely underinsured on the carriage house. Last month my neighbors garage caught fire and turned the the carriage house into a total loss. Now my lender are debating if I have to rebuild the structure completely with the insurance money. I thought if something was a total loss I could do something else what the funds at this point I was going to do a garage or a garage/loft. Has anyone dealt with a total loss before and had a mortgage on the property ? And if so what was your result?

So I am thinking of doing a seller finance transaction. The owner has a small existing mortgage on there about 25k. I was wondering what's the likely hood of the lender activating the due on-sale clause?

It's my first seller finance deal 

Thank you for all responses 

Hello, I am thinking about buying a rental with an upstairs water heater ( it's newer) has anyone had any issues with them? If so please advise?  

Hey everyone,

So I am buying my second rental property,  and having trouble finding deals that can cashflow at least cashflow 250-300 a month due to the high interest rates I am looking at (SFRS). I wanted to see what other investors are doing..? are you all waiting until interest rates go down? are you still buying?  waiting to see if more inventory hit the market? 

I was told recently just to wait and keep saving to see what happens after the feds raise rates again and what for the pivot. I just feel lost on what to do. any advice?
 

Hey everyone,

I am thinking about buying a rental across from an elementary school. It’s just an average elementary school in a normal working class area. I was wondering if anyone had any trouble not being able to get tenants. I believe it’s a good deal just don’t want to buy and not be able to attract tenants.

Does it makes since to buy a rental property that has high taxes?

Cash flow is about 250 to 300 a month after expenses. 

I am worried my cash flow could go away do to my taxes increasing with interest rated being high!

Hello everyone,

I was wondering for the investors that has their real estate license. Is it a good strategy to let the listing agent represent you in a transaction to get the deal. Or should I represent my self to save money. I am not really worried about the commission I just want the deal. but I wanted to know what others are doing?

Hey Everyone,

I have a month to month tenant, and it's going to be a year in August since they been at the property and I took over the lease. I wanted to give my self enough time to prepare to take over the mortgage and do some improvements if they decide to move out. When should I reach out to them to see if they planning on staying?

Hello everyone,

So me and my wife have 2 older cars both paid off. We were thinking about getting a rental property but also was thinking to upgrade to a pick up truck. We were doing some pricing in about the 30-35 range and we really didn’t want to take out a loan on a truck if we didn’t have to. We are already going to be leveraging for the rental property. So is a truck necessary or needed when having a rental property. I am not planning on doing all the improvements my self planning on hiring contractors but just in case if something arises we wanted one. Please advise.