All Forum Posts by: Julio Ibarra
Julio Ibarra has started 3 posts and replied 7 times.
Post: Looking to gain experience by working for a professional
- Posts 7
- Votes 2
thank you for the great resources @Andrew Postell!
Post: Looking to gain experience by working for a professional
- Posts 7
- Votes 2
Hello everyone,
I’m 21 and I’m committed to learning more about the real estate industry as it’s something I see myself working in for the foreseeable future. Having said that, if there are any mortgage brokers, title companies, agents, or investors in Fort Worth,Tx that are looking for a hardworking individual to add to their team, I’d be more than willing to work for you!
The only prior experience in real estate have is partnering with my dad on 2 flips.
Please feel free to send me a PM!
Post: Looking to purchase first househack
- Posts 7
- Votes 2
Originally posted by @Joshua Janus:
If you can build up the 20-25% down payment, I would look into a DSCR loan. The requirements are way less stringent and allow a large amount of flexibility for the borrower.
thank you joshua! I will definitely look into learning more about DSCR loans.
Post: Looking to purchase first househack
- Posts 7
- Votes 2
Originally posted by @Michael Dumler:
@Julio Ibarra do you have the opportunity to utilize a cosigner? The lender would account for their income and credit as well, therefore, authorizing pre-approval. If you come across a solid house hack property, you can structure the deal so that you are paying your cosigner a monhtly fee, consequently, this gives them an incentive to cosign the loan. Hope this helps!
Thank you for this very helpful insight! I will definitely look into finding a cosigner as I do know a few people that would be able to.
Post: Looking to purchase first househack
- Posts 7
- Votes 2
HI all! I'm looking to purchase my first house hack soon after I finish my second flip here in DFW. I meet all of the requirements to qualify for a conventional/fha loan except for the good steady income as I'm currently working part-time and not making very much from the job. Is there any way to get a loan to surpass this hurdle and if so I'd love to connect with anyone that would be of aid.
Thanks in advance!
@Wayne Brooks got it, thank you!
Does anyone here know how to properly structure their LLC to get the most amount of business credit? I'm looking to get as much business credit as possible so I can utilize that to fund flips. Thank you in advance!