Hello everyone, I'm currently in a situation i was hoping to get some helpful insight on.

Quote from @Kyle Harris: I'm a new investor and looking to learn as much as I can this year and hopefully make a purchase on a multifamily unit by the end of 2025.

I am from Ohio and will be down in Atlanta from 1/9/24-1/12/24 and was hoping to network with some real estate investors for lunch or a coffee (or at a project you might be working on).

Readers should seek professional advice.

Hoping it’ll be a successful move. 

Hopefully I am not being too ambitious given this would be my first ever home purchase.

- Hopefully so, because if this is a single home, it doesn't appear to be a great future rental.Be careful if anyone advises you to get a loan for the needed funds. - At best, you'd have to include any debt payment in your DTI. - Otherwise, you'd have to give it to a relative to give it back to you as a "gift" - which is mortgage fraud.- Of course, there's nothing stopping a relative from getting a loan and then gifting those funds to you.Assuming this property is in the City of Detroit, have heard there are several programs to encourage people to buy primary residences in Detroit.

Hope this helps. 

My main concern is the interest rates being so high now as to whether what I'm hoping to achieve is really even possible. 

Or should I find a property first and hope that no one will get that property under contract right away?