All Forum Posts by: Randy Velazquez

Hi , I recently purchased a duplex and live in one and rent another one . Got it for 2.7% on a fha loan . I’m currently trying to prepare on how to finance my 2nd investment in the coming years . Any advice on what you guys did right after you bought your first investment and how you guys finance the 2nd investment . I currently got 20k saved up and will try to save up even more in the next couple years.

Hi , just recently closed on a duplex yesterday on a fha loan . I would need to move into a unit by the start of July. I’m trying to find a sample letter of a 30 day notice , so I will be able to give to the tenants. Where would I have luck finding one , I can go off by to cover me Incase something happens .

-Thank you

@Robert Beardsley also the duplex is about 10 years old .

@Robert Beardsley my insurance is like 120 and taxes about 170-200?? I know I’m not paying more than 1100 for the property . Only thing I’ll be paying for is really lawn care and saving money for other stuff in the future vacancy , repairs and so on . Appreciate the feed back!

@Shawn Ackerman appreciate the feed back man !

Im recently closing on a duplex I just bought . This would be my first investment and getting kinda

Nervous if I made a good call or not . Obviously, you guys don’t know my market but, their were some less nicer duplexes that I went to go see that sold for 150,000 and rents were about 650 a month for both units . These I closed on I paid for were 187,000. Owner wanted 190,000 , but we agreed for him to pay closing cost so he went down a bit . Those units rent for 800 each . I got a fha loan on them so I’ll be living in one side for about a year and continue investing . Ultimately, I got a 2.7 interest on them so that was great . I’ll be paying around 1100 a month for them including insurance and taxes . I tried the rental calculator and it said I’ll have a cash return of 48% -56% . It sounds to good to be true . If you guys can give me some advice on what to do next and if I really get a good deal ?

I just signed up to webinar last minute . Does anybody have a link to it or how do I watch it . Thank you

@Nick Rutkowski Sweet thanks for the response .

I’m new to investing and just trying to gets some guidance . I got a 670 credit score and about 20k saved up . My idea is to get a fha loan on a duplex or triplex and live in it for about year or two. Now that I have my money saved up , i don’t know what to do from here . Should I go to a loan officer and get to know what I’m approved for before I start looking at properties or should I go to realtor first and find a property . Any help would be great thanks .

I’m new to investing and I’m trying to buy my first set of duplexes or triplex? I’m having a hard time figuring out how much each duplex or triplex is actually worth since it varies . What guidelines should follow or rules to make sure I don’t over pay . Thank you