All Forum Posts by: Christian D Llanos

Also, i forgot to mention: 

- My credit score is in the 770ish and am looking to use a conventional loan

Hello, 

Background: 

I am 22 and will be moving to Dallas alone from June to August as I am starting my professional career in October. I graduate in May and will be taking 3 virtual classes to finalize my requirements to seat for a CPA exam in the summer. My plan at the moment is to live at uncles house to save money, finalize things I need to do in my location and find an apartment that has a short term lease of 6 months in Dallas. I have a 85k budget that I can use to dip my feet into real state. I am open to finding a house that needs a fix up, however I am concerned with my lack of experience in real state. Currently my plan is to either find a duplex, or a single family home and rent the other rooms. Below, i provided a few questions. 

Questions:

Would leasing 6 months be a bad idea? I can airbnb until I find a house. However, I know Dallas has a 30 day policy to register car into the state and it would put me in a tight schedule to find a house in 3 months. Nevertheless, leasing does feel like a waste of my money. As well as leasing without seeing the apartment in person does feel weird. However, getting to know the areas first sounds like it would have a future payoff. 

My other concern with leasing is that by the time the lease is done, i will be beginning my first busy season as an accountant while studying for the CPA. I can for sure make time to house hunt on weekends. Nevertheless, it will be a bit complicated. 

I've seen online that the housing market in Dallas is tricky at the moment and that interest rates are expected to remain the same for 2024. I am open to hear all perspectives. 

Lastly, in regards to advice something to mention is that I am open to sacrifice a lot in my young years as the goal is to learn as much as possible while i'm still young.

Hello, i am 21 and moving to Dallas from the North east in May-June due to a job I will be beginning. I am still in college and on my last semester. I have a good amount of money saved to deposit into a house. Nevertheless, I wanted to begin my real state process house hacking and hopefully get a FHA loan due to the high interest rates.

Due to me still being in college, do you guys recommend me going to open homes and setting appointments to see areas on weekends and spring break or would that be a waste of money? My ideal plan currently is to find a place to rent in Dallas until I find a property worth investing in. A

ny other tips and recommendations would be appreciated.