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All Forum Posts by: Carl Davis

Carl Davis has started 6 posts and replied 122 times.

Post: utah real estate license

Carl Davis
Posted
  • Real Estate Agent
  • Utah
  • Posts 127
  • Votes 83

I used stringham. It's a pretty well known school. I did it online and it was easy and simple. You can message me if you have any specific questions.

Post: Fourplex Investing Using an FHA Loan

Carl Davis
Posted
  • Real Estate Agent
  • Utah
  • Posts 127
  • Votes 83
Quote from @Madeline Malinovsky:

I'm a lender! With FHA it needs to be a primary residence. Also for a 4-unit it needs to cashflow. This means the total rents on the property (for all 4 units) discounted to 75% per lending law need to be greater than your total PITIA payment. So to clarify, you cannot partner with someone unless you are living in it together. :)

Just for my knowledge as well. Do you mean living in it as in the same unit or just same property?

Post: Fourplex Investing Using an FHA Loan

Carl Davis
Posted
  • Real Estate Agent
  • Utah
  • Posts 127
  • Votes 83

This question is best to ask your lender that you are pre-approved through. If you are still looking for lenders I know a few in the area as well.

Post: Looking for guidance on my next move!

Carl Davis
Posted
  • Real Estate Agent
  • Utah
  • Posts 127
  • Votes 83
Quote from @Nathan Gesner:
Quote from @Carl Davis:

They are looking for advice and you offered to help sell them a property. I'm just calling it like I see it.

 They were looking on advice on how to make their next investment decision into real estate... So yes.

Post: Looking for guidance on my next move!

Carl Davis
Posted
  • Real Estate Agent
  • Utah
  • Posts 127
  • Votes 83
Quote from @Nathan Gesner:
Quote from @Dustin Ivers:

Hey All,

I bought my townhome here in Utah in 2020 and it has appreciated substantially in value over the past 2 years. I am looking for direction as to how I should approach my next move. My end goal is to buy enough properties to cash flow enough to allow me to quit my job and continue scaling from there. I don't have much capital in the bank but am open to different financing options to move into my next place. With our next property being owner occupied, what type of unit should I be looking to move into? Single family, duplex, another townhome? The hope is to only be in the next place a year and then do it all over again. Any thoughts or guidance would be much appreciated! 


Be careful of people reaching out with deals. Their focus is on making a sale, with little concern for how you benefit.

The appreciation you experienced these past two years is an anomaly that has happened around the country. Don't start thinking you're a wise investor or that you really know how to pick winners. You got lucky, just like the rest of us.

if you can handle living in a smaller place, seriously consider looking for a fourplex. You can still purchase it as a primary residence with just 5% down, maybe less. Occupy it for a year, rinse and repeat. After just a few years, you will have eight rentals (two fourplexes) and enough cash flow to pay for themselves and mostly pay for a single-family home to live in. Better yet, keep buying fourplexes until the banks won't let you any more. You'll have a mini empire and can be financially independent in under ten years.


 I would be lying if I said I wasn't trying to make a sale because at the end of the day, that's how I eat. However telling someone else that I wouldn't have their best interests in mind is the furthest thing from the truth.

I like to give my clients as much INFORMATION as possible so they can make the best decision for THEMSELVES as possible. If it ends in a sale for me, great if not, that's ok too as long as they made the right decision for THEMSELVES.

Telling someone that their best interests aren't held by someone you have never even met before seems like a huge assumption to me.

The fourplex advice I would agree with however. A lot of times newer investors in the Utah market cannot afford to simply go out and buy a duplex even if they would be living in it.

Another option I look for are SFH with an adu or possibility for one. These come usually at a cheaper price point but the owner can still offset their mortgage payments with rentable space.


Post: Second Property Challenges

Carl Davis
Posted
  • Real Estate Agent
  • Utah
  • Posts 127
  • Votes 83

Jayden I also messaged you. I'm in your area and believe I have some options for you.

Post: Looking for guidance on my next move!

Carl Davis
Posted
  • Real Estate Agent
  • Utah
  • Posts 127
  • Votes 83

Hey Dustin! 

I really focus on trying to get my clients into affordable house hacks in the Davis/Weber county area. I'll PM you too see if that would interest you.

I just bought my second one two weeks ago.

Post: Looking for a great investor-friendly Realtor in Dothan, AL

Carl Davis
Posted
  • Real Estate Agent
  • Utah
  • Posts 127
  • Votes 83

Sometimes if clients aren't actively buying or selling I won't go out of my way to send them deals. Also if I feel they are not actually motivated to act on a deal I send them I would rather not send it to them.

Maybe a better option would be to communicating to your current realtor that you want them to be actively looking for you and sending you on market deals. If they don't know this is an expectation of yours they have no way of fulfilling it.

If you still want to look for another one after that, we have agents in by brokerage all over the country that are investor friendly I'm sure I could help out.

Post: Options for a vacant lot

Carl Davis
Posted
  • Real Estate Agent
  • Utah
  • Posts 127
  • Votes 83

I would first check zoning with the city to see what you can do there. Once you've eliminated what you can't do move forward and see what you would want to do from the given options. 

If you need any help I'd be happy to help in licensed in the state.

Post: Finding a Real Estate Agent

Carl Davis
Posted
  • Real Estate Agent
  • Utah
  • Posts 127
  • Votes 83

I find I work best with clients when they are transparent and communicative. As agents we wind up getting ghosted all the time by clients so being upfront and honest are qualities any agent would want in a client.

We have agents across the nation in my brokerage. Message me if you'd like me to connect you.