Denton Ward

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Denton Ward, in California
  • 175 Answers
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About Me
Denton Ward has been no stranger to the world of real estate. His father worked in the construction industry as a General Contractor since 1975; while his mother has been an avid real estate entrepreneur for 30 years. Having these backgrounds has lead Denton to become infatuated with real estate. While in his teens, Denton acquired widespread knowledge of the real estate industry and realized that real estate is a great wealth building vehicle. With his passion for real estate, he graduated college from Sacramento State in 2006 with a Business Degree concentrated in Real Estate and Land Use. He became a licensed Real Estate agent while attending college. He has acquired a keen understanding of real estate and prides himself with his desire to help others accumulate wealth through real estate. His career ambitions and sincerity has been a perfect match for eRealtyInvestors.

Denton has recently bought his first home at only 23 years old and is on his way to accumulating wealth through investment purchases using the eRealtyInvestors theology. In his spare time, Denton enjoys spending time with his family and friends, wakeboarding on the Delta and snowboarding.
Testimonials
"see website for testimonials eRealtyInvestors (http://www.erealtyinvestors.com)"
individual investors Tue May 6
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Denton Ward's Questions (1)
Denton Ward's Answers (175)
Angie, Home Buyer in Chicago

FHA 203k Loan

Asked Sun Oct 5 2008, 10:41 by Angie  -  Chicago  -  Financing  -  10 answers
Denton Ward answered:
If you want more information on FHA 203k loans, visit this website. I found it to answer most of my questions.

http://www.gpxconnect.com/fha-203k-rehab-loans - Mon Oct 27 2008, 10:09
Gabriel, Home Buyer in Pittsburgh

I am a 1st time Home Buyer

Asked Mon Aug 18 2008, 17:25 by Gabriel  -  Troy Hill  -  Home Buying  -  5 answers
Denton Ward answered:
I don't know if you have looked into a credit repair program, but they may be able to help you in the short term. Others will probably know better than me, but FHA FICO credit requirements are like in the mid 600's. When you went to get pre-qualified, did the loan officer suggest ways to improve your credit?

Also, you can always look to a lease-option. That would be good for everyone in the transaction, and it would give you time to repair your credit.

If you'd like to learn more about lease options, send me a quick message and I'll send you a PDF explaining the process.

Good luck to you! - Mon Aug 18 2008, 17:35
Bill, Home Buyer in California

My son is looking to buy a home, he makes 41,600yr, has excellent credit. What programs are available to him?

Asked Mon Aug 18 2008, 17:22 by Bill  -  Murrieta  -  Home Buying  -  4 answers
Denton Ward answered:
You can always try FHA financing. It only requires 3% down. Rates are about 6.5%, but check with a mortgage lender first.

I would get him pre-qualified before you do anything and then you can see what he can afford. Banks wont even consider your offer unless you are an all cash buyer or have a pre-approval letter.

Speak to lender to see what else they may be able to provide for your son. If you don't know of any, email me and I'll send you a few that can help!

Denton - Mon Aug 18 2008, 17:25
M, Home Buyer in Alexandria

TIMING THE PURCHASE QUESTION: I am confused about what's going on on the market right now.

Asked Mon Aug 18 2008, 17:02 by M  -  22311  -  Home Buying  -  6 answers
Denton Ward answered:
The biggest question to ask yourself is: What do you want to accomplish by owning the home?

Are you going to occupy the home?
How long will you be in the home?
What financing do you plan on having?

If it is your dream house and you plan on being there for a long time, then riding the wave isn't that big of a deal. Even in the next few years, things will bottom out, stabalize, and follow more traditional real estate trends (micro and macro).

Next, your interest rate will make a bigger difference than a few thousand dollars on purchase price. If you are not in immediate need of this housing, and if you are second guessing yourself, then you are not fully committed (sorry to be blunt). If you are not 100% committed, it is not your time to buy.

I don't mean to sound so harsh, but if you have to second guess yourself, you know its probably not the best decision for you (not everyone).

REMEMBER: You don't lose money until you sell - Mon Aug 18 2008, 17:20
M, Home Buyer in Alexandria

I am trying to project my expenses for *after* I purchase a house.

Asked Mon Aug 18 2008, 16:51 by M  -  22311  -  Home Buying  -  3 answers
Denton Ward answered:
Because you have bought (or about ready to close), your exterior will be covered in your HOA fees (most likely). For real estate investments, the industry standard for maintenance per year is 5% of the yearly gross rental amount, but that takes into account wear and tear from renters.

Also, you may want to consider first time costs like your refrigerator, washer/dryer, window coverings, plants...etc. - Mon Aug 18 2008, 16:56
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What's this?
Specialties
real estate investing
property management
mortgages
investing consultation
Experience
Latest:
Real Estate Agent for eRealtyInvestors
real estate agent that has helped hundreds of investors purchase quality properties in quality neighborhoods.
January 2006—present
Certifications & Awards
CA licensed real estate agent
BS in Business: Real Estate and Land Use from Sacramento State University
Interests
investing, real estate, snowboarding, wakeboarding, working in the yard
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