All Forum Posts by: Joshua Jones

 That would be nice to do but since my wife is a SAHM the only thing I can do is refinance the car into her name to help

 Wife is a stay at home mother so no income.

 We bought this home specifically to Airbnb. Raising a family, not the ideal home long term and want to move back to the suburbs. Expected gross income around $5k/month with about $2k/month in expenses. 

I have my homestead property we are going to AirBnb in the future. We would like to buy another home but my DTI is too high with my current home. I know that I can rent it out long term and it can be taken off of my DTI. If I were to open an LLC and rent in to my LLC would it be taken off of my DTI? If not is there a waiting period to show that the property has positive income since I will be the owner of the LLC? We plan on otherwise renting until we are able to qualify for another mortgage.

Thank you everyone for the warm welcoming. I look forward to constantly staying active and learning as much as I can. My next goal is to attempt a meetup and start getting to know people. I am introverted so the thought of me going out and talking with other investors scares me. But from what I can tell everyone here is very friendly and wants everybody to succeed. 

Thank you,

Joshua

You already have the "snowball" rolling. Why bring it to a halt because of impatience? I know I am new here but personally I would finish paying off my debts. Investing can be very stressful so why have the other stress involved. There will always be deals to be found. You look young so how long really is 1 year? Constantly self educate yourself, there is nothing wrong with being over prepared. Best of luck!

Hi Everyone,

My name is Joshua, I am 23 years old and live in Houston, more specifically Pearland. I've recently gotten into real estate the past couple of months and have fallen in love with the idea of it. I currently do not own any real estate and probably do not plan on it for at least another year. I have read a lot of books on the topic recently and at first was overwhelmed by all of the material taken in but non the less I have still held a high interest by constantly self-educating myself. As of right now I live at home with my single mother, I have constantly grown up watching her (and the rest of my family) fail and struggle on a daily basis. I have told myself that it stops with me and I will not end up like the rest of my family. I guess you could say I had an epiphany recently and decided to go full time at school, move back home and sell my car. I currently attend UHCL and will graduate in the spring of 2020 with a degree in finance. As of right now I am paying for school completely out of pocket, I own my car outright, and have a savings rate of around 50% ( kind of hard to maintain when I spend most of my hours studying) along with a hefty saving account. For now my goals are just school, saving every penny I can and read as many books as possible on real estate. I am very eager to start investing but I know I need to stay focused on my biggest goals. If anyone has any suggestions on anything please let me know, sometimes I do have a lot more time than I know what to do with so I have toyed with the idea of volunteering my time with a house flipper to learn more hands on knowledge. 

Thank you,

Joshua