Evening from Alaska, My business partner and I are new to real estate investing and trying to get our first deal going in a high-interest rate market.

(renting in Auburn, AL was way more expensive than paying for a mortgage in 2020) We are that online joke of our first home is looking like our forever home due to the interest rate and the price point of the home.

Sell house and buy a cheaper house all cash avoid the current high interest rate.

Partner Driven was interested in the Millgate Drive deal in Spring, TX, due to its high profit potential.

I looked at almost every market in florida before I relocated from columbus ohio because miami Dade County has the most net migrations in the entire United States for one county. we build it in columbus ohio and it is worth approx 215k a door but down here all you'd have to do is change the assemblies and in miami that triplex would be worth more than 300k per door so closer to 900k depending on where you built it. new construction single family homes are going for around 330 per sq ft in the same area and a triplex is considered residential. by building codes a 4 unit is commercial I'd recommend 3 unit first or going as many units as possible if you have backing or your own cash. for each one we do we recommend 100k of liquidity. 

You can make a lot of money using this strategy, but the risk is high.

In Illinois, GC Realty would be my recommendation.

Significance there is that Fannie and Freddie decided in March of 2022 that they were going to basically eliminate the 10% down option by adding high enough fees that lenders couldn't pass a fees test unless they were going to originate the loan at a loss. 

Rates are high right now, so unless you have something immediately ready it might make more sense to hold.

Jimmy I would greatly appreciate a recommendation.