New Member/ Canton, Ohio

[Craig Parnacott]

My name is Craig, I am 31 and new to the real estate investment world. I currently work full time as a Construction Project Manager, I have a BS degree in Construction Engineering from the University of Akron and worked for a national home builder while attending college. I have been reading and absorbing as much information as I can for the past year. I have gathered my team of attorney and accountant. I have formed my company, "The Park Avenue Group, LLC", to deed my properties too. My current biggest problem in the finance end of things, I have a small stash of cash to use, approx. $10K to start. I am looking at small 4-6 unit properties to get started and would like to transition into commercial properties in the future. Any advice or information people can provide will be much appreciated. Thank you.

[Brandon Turner]

Hey Craig Parnacott welcome to BiggerPockets. Looks like you have a good start already to this. Keep in mind that 5 units or higher require a little bit different financing - and typically a 20% or more down payment. If you look for a 4-plex, and you were willing to live in one of the units, you could use that 10k as part of just a 3.5% down payment - which should be more than enough. Just food for thought!