All Forum Posts by: Christina Carey

If you have excellent credit, there is no reason for you to use FHA as an owner-occupant. There are plenty of lenders in the Cincinnati area that have LPMI conventional loans where you can still put down a minimum amount of cash (10% or even 5%). There is upfront MIP (mortgage insurance premium), which can be financed into the loan if you choose. There is no monthly PMI with these particular varieties of conventional loans.

If you use FHA, you will have the upfront MIP, as well as monthly PMI, unless you put down 20%.

So, the bottom line is, what would you do otherwise with your available cash if you didn't put it into the down payment on your residence?

@Richard Cook Hi Dan - welcome to BP. My husband, @Darrin Carey retired from Wright Patt a few years ago. We are both very active in the Dayton market, and we also have a local networking meetup once a month, and is attended by investors of all experience levels. @Mark Brauer attended the most recent one for the first time. Hope to see you both at the next one!

Hi Trevor - about how long before you anticipate taking the exam? I am expanding to the Columbus area in the near future, probably just after the first of the year.

Call Mike Jasko 937-557-1159 Ohio Insurance Solutions. Specializes almost exclusively in rental property.

Still looking - Cincinnati, OH; Dayton, OH; and surrounding areas. Expanding to Columbus in the near future.

Hi Mark - welcome to BP. My husband @Darrin Carey and I are active investors in the Beavercreek area. (Darrin is also USAF retired.) We have a networking meetup that meets monthly, and the next one is this Monday evening. All of you are welcome, but we do need a head count so the restaurant can staff accordingly.

Welcome to BP, Seth! My husband, @Darrin Carey and I have an informal networking group that meets in the Beavercreek area on the second Monday of each month. You're welcome to join us!

Let us know when you'll be in the Dayton area - my husband @Darrin Carey and I will be glad to meet up with you and show you around a bit if we're available.

@Dan Z. The above posters are correct - brokers are the way to go.

One who writes for Cincinnati Insurance is one possibility, although here in Ohio they are not the best option in terms of cost - Oregon may be different.

Here are a couple brokers, both of whom specialize in rental properties, and I know plenty of investors who use both of them. They can write for most, if not all, states. Try:

Mike Jasko, Ohio Insurance Solutions 937-688-1706

Tim Norris, National Real Estate Insurance Group 888-741-8454

Good luck!

Real estate investor-friendly attorneys in Cincinnati:

Terry Monnie, owns Title Company of same name.

John Yonas, co-owns American Homeland Title with another real estate attorney.

Laurie Higgins, specializes in landlord-tenant law and evictions

I can send contact info when I'm back at the home/office.

Good property management companies are a struggle, and I'd love to hear from others in the Cincinnati area on this topic myself!