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All Forum Posts by: Larita O'Bannon

Larita O'Bannon has started 1 posts and replied 5 times.

Post: Financing my first multi family Property

Larita O'BannonPosted
  • Cincinnati, OH
  • Posts 5
  • Votes 1

@Kyle Rountree

Thanks again I will definitely give him a call

Post: Financing my first multi family Property

Larita O'BannonPosted
  • Cincinnati, OH
  • Posts 5
  • Votes 1

 I really appreciate your insight and expertise, I actually have a real estate agent that I’m working with however I haven’t really started investigating the lender piece as of yet 

 Any recommendations would be greatly appreciated,  I was thinking about starting with my local bank and credit union but since I’ve really never done any of this I wasn’t sure if that’s a good place to start or not 

Post: Financing my first multi family Property

Larita O'BannonPosted
  • Cincinnati, OH
  • Posts 5
  • Votes 1

 Thanks so much for the info I really appreciate the advice, I think this is the strategy that we are going to try going forward 

I’ll keep you guys posted as our journey begins

Post: Financing my first multi family Property

Larita O'BannonPosted
  • Cincinnati, OH
  • Posts 5
  • Votes 1

@April PaytesBest of luck to you and your husband as well, hopefully with the help of the BiggerPockets community we will all find much success in our real estate endeavors!

Post: Financing my first multi family Property

Larita O'BannonPosted
  • Cincinnati, OH
  • Posts 5
  • Votes 1

My husband and I are interested in purchasing a duplex, triplex or quad in the Cincinnati area

This would be our first real estate purchase since buying our own residence

We are trying to determine the best way to finance our project, we are considering a conventional Mortgage and borrowing from my 401(k) for the down payment

Just wondering if this sounds like a good strategy

Would love to hear your thoughts and comments, thanks