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Updated over 9 years ago on . Most recent reply

User Stats

16
Posts
3
Votes
Ezechaelle Norris
  • Virtual Assistant
  • Euclid, OH
3
Votes |
16
Posts

Investment Property Prospect...!!!

Ezechaelle Norris
  • Virtual Assistant
  • Euclid, OH
Posted

Hello to all of my experience REI.....!!!

I need some advice....

As many may already know, l am an inspiring new investor. My husband and l saw a 2-unit property in Onterio, OH. One unit is has 3 BR, 1.5 bath 2 car garage ranch unit, second unit is a 2 BR, 1.5 bath 2 car studio style unit. 2,833 sq ft. Lots of additional parking. Separate utilities including water & sewer. We would like to pay nothing but taxes and insurance. The asking price is $144,500.

Now, my husband and l are planning to move to Ontario,OH in 2 yrs from Euclid, OH. We are thinking about investing in a property there as a rental and than move into one of the units when we move in 2yrs. Since we already have a mortgage on our current property, we would like to know ways in which we can finance this new property without doing a down payment. Should we get another mortgage? How would you go about this venture if it was you????

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