All Forum Posts by: Xavier Maestas

If you're up around 40% DTI it's going to be very hard to get a regular loan or even a credit line. That being said you can get creative with financing but, may want to try to get situated with your other debts before making your DTI even higher through a non-conventional method. Right now my DTI is pretty high as well, which is forcing me to find ways to increase my cash flow such as balance transfers and things like that so that I can get another loan in the future. Just kind of thinking out loud, also rambling, hope I've helped some! Send me a request if you want to talk about ways I've gotten more cash flow while still having the same debts I had before.

Good luck! 

Thanks so much for your feedback @John Fedro. I will definitely update you all as I buy my first mobile home. Thanks again! 

Thanks @Andriy Boychuk for the response! 

Hey everyone! So I'm looking to start my investing career with investing in mobile homes. I'm located in Utah and I'm just wondering what the steps are to buy/sell one. From what I've read, buying a mobile home is similar to buying a car. My understanding is as follows, I need to:

1. Verify sellers claims and inspect the property.

2. Check with the PM that the lot payment has been paid.

3. (This is where I'm not exactly sure.) If owner has title, do a bill of sale, pay, sign the title and take it to the DMV? Or should I go with the seller to the DMV to verify that there isn't anything owed on the property? Do I need to make sure the bill of sale is notarized? 

If anyone has input on the steps to actually buying it, I would greatly appreciate it! 

@Nicholas Marsh would love to chat and see what your investing plans are! 

My name is Xavier Maestas and I'm from Salt Lake City, UT. I'm 22 years old and just bought my first townhome. I found out about BiggerPockets as I started realizing renting potential for this townhouse and how I could hopefully turn it into my first rental soon. I'm here to learn more about the business and how to transition into becoming a real estate investor!