Before going the conventional route

[Nzinga Hart]

I am going through home showings now on multifamily properties in Portage County, OH. Since this will be my first investment property I am going through Ohio's first time home buyer program. The only stipulation with this is I would have to occupy the home I intend on buying. I have good credit - well over 700, so I was wondering if perhaps I should purchase houses through pursuing a line of credit, this way I can cover repairs if needed too. Before I make this real commitment to a load of debt I was wondering what may be the most valuable point of entry financially?

Any advice?

[Michael Moikeha]

The local Credit Unions and Banks are usually the best at working solid deals, especially if you are only looking to hold for 5 years or less, and then leverage it for a larger property, or multiple properties.

I had a CU that was offering 2.99% with 5% down, on a 5/1 arm. I don't plan on holding, I plan on leveraging, so this is a great option for me.