New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 17 years ago,
Soon-to-be new investor in Akron, OH...
Greetings, ya'll. I've been lurking for a couple of weeks, eagerly reading all the great information on the forums, but today I decided I would actually stop being a lurker...
My husband and I are looking to start investing in multi-families in the Akron, OH area...which is in NE Ohio. He's going to be going to school at Kent University, which is about a 15 minute drive from the properties we are eyeing, and once I get back from my second deployment to Iraq (We are both in the Army - though he is getting out to get his degree and become an officer), I'll be attending to Akron to get my degree. We've found a couple of properties to our liking so far, and using the analysis tool provided by BP, they both seem to be good deals. 2 in particular stand out, both 6 units, one we can easily afford with the 20 % down payment, and the other one, which we can do the 20%...not so easily. We've also started to contact some banks for financing the 80%, and are currently looking to either use Commercial Direct or National City...If anyone has any experience with those and has an opinion , it be much appreciated.
We've been studying up a bit these past few months, and I hope to have the property purchased by the time college starts for him, and before I deploy once more...Here's hoping!