All Forum Posts by: Clarence Harvey

Hello! New investor here, haven’t started yet but i am thinking of moving to Ohio to get my start in real estate with house hacking with multi-family properties , within the timeframe I want to leave I doubt I will have a full amount for a property, I was wondering if anyone could fill me in on the Down payment assistance programs that are available?

1 Vote

Cleveland, Ohio

Quote from @Justin Moy:

Quote from @Zach Jones:

Bigger Pockets.. Its been a long time. Since my last time on here I've successfully purchased my first investment property. A triplex, currently trending to have a full ROI in around 4.5 years. Seeing the potential and already having a goal of one day owning an apartment complex or neighborhood, I'm not wanting to see what it takes to successfully pull it off. I'm not overly liquid to be purchasing a 3M property and putting down 25% plus closing cost/etc. How do you guys do it? Is there some kind of financing specifically for large properties? To give some context, I'm a 780+ beacon with a 6 figure income and I've always tried to have immaculate credit for the goal of 1 day utilizing it to purchase commercial real estate. Any tips in the financing area would be appreciated because I know this post is somewhat vague, but I'll answer whatever to anyone wiling to share. Thanks

If you don't have or want to put up the cash you'll need to partner in some way. Also not to mention if you are stepping into commercial (5+ units) your triplex may not qualify as enough experience to own the property yourself, so you'll likely need a partner anyways to help you qualify for your loan.

If you have some cash and want to gain some experience with the bigger stuff many people will start as a passive investor in deals (syndications or funds) to get a baseline of experience before going on the active side of the deals so that's also a potential option

Hello, I’m new to real estate, and I have a very similar goal as Zach, I want to get into larger apartments to live off of cashflow, do you mind explaining what a “ syndication “ is ?

0 Votes

Orlando, Florida

Hello! just two simple questions.

For multi family properties what types of insurance policies or home warranty are recommended to get ?

What are the expenses associated with those types of insurance or home warranty ?

0 Votes

Any wholesalers in here? Looking to learn the process and potentially some pro tips to start off.

Las Vegas experience especially!

0 Votes

All Forum Posts by: Clarence Harvey

Clarence Harvey has started 7 posts and replied 24 times.

Post: DPA Programs FHA In Ohio

Post: I'm trying to buy an apartment complex without having millions

Post: Types of insurance for rental properties

Post: Wholesaling. How it works ?