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All Forum Posts by: Rod Hanks

Rod Hanks has started 8 posts and replied 639 times.

Post: Dallas Real Estate Lawyer Referral Needed!

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 661
  • Votes 414
Ted and Matt work with a ton of investors in DFW. 
TED L. GAMBORDELLA ATTORNEY PRATT AYCOCK, LTD. Phone: 214.473.5551 Direct: 469-998-3735 Fax: 214.540.9333 5910 N Central Expy  Suite 920 Dallas, Texas 75206 prattaycock.com

Post: Insurance for flips

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 661
  • Votes 414

Hello, I would love to help. We are in most states. 

Post: Duplex Deal w/ Owner Finance Opportunity

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 661
  • Votes 414

Is it zoned for a duplex? Is the HOA ok with a duplex conversion? Thats your starting point before you do anything else.

Post: 1987 single wide rental with roof damage/use insurance?

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 661
  • Votes 414

Carol, given the age of the roof and the fact your policy is ACV, you probably would have seen heavy depreciation — possibly leaving you with very little payout after your deductible. In that situation, paying out of pocket to avoid a claim on your record was a reasonable choice, especially if you want to avoid possible non-renewal or rate hikes.

I would, however, review your policy before the next renewal to see if replacement cost coverage is an option for future losses, and make sure your liability limits are where they need to be. For now, it sounds like you made a smart call based on the facts you had.

Post: Recommended Insurance Providers for Duplex in Houston

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 661
  • Votes 414

Houston is a tough market. If you haven't found anyone yet I may be able to help.

Post: looking for rental property insurance policy

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 661
  • Votes 414

If you haven't found anyone yet, I may be able to help. 

Post: Offer to have 50% equity or share on a home for a 107k investment

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 661
  • Votes 414

I second Mitch advice! But tax value is not appraised value. Get some comps from a realtor for true value and then make your decision.

Post: Avoid Costly Refinancing Mistakes: Watch This Now!

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 661
  • Votes 414

Great advice! 

Post: What company still insures investment property in bay area, CA?

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 661
  • Votes 414

Hi Peter I may have a market. Shoot me a PM and let's connect.

Post: Dallas-Fort Worth area is experiencing a major downturn

Rod Hanks
Posted
  • Insurance Agent
  • Dallas, TX
  • Posts 661
  • Votes 414

I don't know about "major" downturn but its definitely a slowing normal market. Buyers are picky and sellers are anxious. It's really a good time to get a deal.  It reminds me of the normal days. I think the problem is we've gotten used to multiple offer bidding wars thinking that was normal.

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