If you're just getting started, stay local.

They sell a 4 unit for close to 1 million dollars close to Jacksonville. they want 250k or 300k down. there's no upside. you can google the properties on biggerpockets and there isn't a lot of satisfaction. it's a slow return and get rich slow strategy. our focus is always as a builder to add maximum value, lower cost as low as possible, build and rent and build and sell the same product and raise prices to help investors out. we have a large market share and large purchasing power in our market in columbus ohio. the one strategy I never liked about turnkey new build brokerage companies like them and build2rent or others is they don't really build close to urban centers and most are single family homes. the numbers don't work on single family homes. if single family was the way to go more companies would be doing it. but by far the most common type of new construction built is three story walk up apartments.

There are aggressive lenders out there with lower fees for experienced flippers.  

@Jenna SchulzeWhy don't you start from your backyard?

And if this represented my total portfolio, it would be like starting over.  

Hello @Camille Romero congrats on getting started on your real estate journey. 

If the floating rate debt starts costing too much and there is no capital to replace a rate cap, reserves run out.  

Also HELOC's typically have lower interest rates than personal loans since it is secured by your home.

I haven't seen prices drop too dramatically but I have seen homes in my buy box sitting on the market longer and some lowering prices. 

They get a higher return since they are covering housing cost, have the $250k per spouse primary residence deduction in gains, is a savings account, higher leverage position, lower interest rate possible, will pay more premium for location, etc.House might be overpriced for REITs but not for home owners.