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All Forum Posts by: Eric Gross

Eric Gross has started 9 posts and replied 44 times.

Post: New investor in Cincinnati

Eric GrossPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 44
  • Votes 10
Hello @Kurt! I am also from the Cincinnati area and new investor at that. Good luck with the duplex. Hope everything goes well

Post: Buying a house without living in it

Eric GrossPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 44
  • Votes 10

Thanks everyone for the responses! The lender wanted me to go down the road of FHA. I have done my homework on it and I understand you have to live there for a year. When I brought this up to the lender he said I could leave after a few months and rent it out that I wouldn't get in trouble. He gave me a weird vibe and just didn't seem like he had my best interest in mind. I am going to do more homework on the conventional loans and weigh some of my options. Again thank you all for responding!

Post: Buying a house without living in it

Eric GrossPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 44
  • Votes 10
Thank you Michael. The lender we were recommended through are realtor have very little details into other financing

Post: Buying a house without living in it

Eric GrossPosted
  • Real Estate Agent
  • Cincinnati, OH
  • Posts 44
  • Votes 10
Hi BiggerPockets, I am looking for my first investment property. I have found multiple deals with my realtor but he has shot down owner financing as a way to get the deals. Instead he referred me to his lender who seemed shady and untrustworthy. My goal is to get my first buy and hold and learn from this first property. I don’t want to have to live in it and I was wondering if there were other conventional ways to get financing. My fiancé and I both have good credit and steady jobs. Any advice would be helpful. Thank you!