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Updated about 4 years ago on . Most recent reply

November Morris's profile image
November Morris's profile image
November Morris
  • New to Real Estate
  • from Ewa Beach, HI
  • Member since Jun 11, 2018
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November Morris's profile image
November Morris's profile image
November Morris
  • New to Real Estate
  • from Ewa Beach, HI
  • Member since Jun 11, 2018
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November Morris
  • New to Real Estate
  • Ewa Beach, HI
3
Votes |
5
Posts
Ohio Real Estate Q&A Discussion Forum

Multiple Properties under One Loan?

November Morris
  • New to Real Estate
  • Ewa Beach, HI
Posted

We are out of state first-time investors wanting to purchase 2-3 separate MFH properties in East Cleveland, Ohio all under 50k each.

Are there non-hard-money lenders who can finance all three under one loan?  Is it even possible?

Any tips would help.  Thanks

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Ryan Beam's profile image
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Ryan Beam
  • New to Real Estate
  • from Akron/Cleveland, OH
  • Member since Oct 28, 2020
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Ryan Beam's profile image
Ryan Beam's profile image
Ryan Beam
  • New to Real Estate
  • from Akron/Cleveland, OH
  • Member since Oct 28, 2020
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Ryan Beam
  • New to Real Estate
  • Akron/Cleveland, OH
19
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15
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Ryan Beam
  • New to Real Estate
  • Akron/Cleveland, OH
Replied

@November Morris Since you mentioned these are your first properties - how familiar are you with East Cleveland? Have you been there in person? As an almost lifelong Clevelander, I’d recommend a lot of due diligence before purchasing properties in East Cleveland.

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