Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated almost 11 years ago on . Most recent reply
![Nzinga Hart's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/165352/1621420681-avatar-zingab.jpg?twic=v1/output=image/cover=128x128&v=2)
Before going the conventional route
I am going through home showings now on multifamily properties in Portage County, OH. Since this will be my first investment property I am going through Ohio's first time home buyer program. The only stipulation with this is I would have to occupy the home I intend on buying. I have good credit - well over 700, so I was wondering if perhaps I should purchase houses through pursuing a line of credit, this way I can cover repairs if needed too. Before I make this real commitment to a load of debt I was wondering what may be the most valuable point of entry financially?
Any advice?
Most Popular Reply
![Michael Moikeha's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/190920/1621432126-avatar-moikeha09.jpg?twic=v1/output=image/cover=128x128&v=2)
The local Credit Unions and Banks are usually the best at working solid deals, especially if you are only looking to hold for 5 years or less, and then leverage it for a larger property, or multiple properties.
I had a CU that was offering 2.99% with 5% down, on a 5/1 arm. I don't plan on holding, I plan on leveraging, so this is a great option for me.