Investor · Knoxville, TN · Member since 2016 · 116 posts · 26 votes
Hello! I'm new to this world and have no first hand experience purchasing properties, however I have been studying Real Estate investing for the last 2-3 months and am eager to learn everything I can.
Newbie question: Where do I begin to look for Multi-Unit properties that are for sale? Preferably 4-plex's. Where have you experienced investors had success in finding great Multi-family property deals? Craigslist, MLS, driving for dollars?
Investor · Willow Spring, NC · Member since 2009 · 5k+ posts · 3k+ votes
9y
From a financing perspective, technically a 4 plex is not multi-family, but 1-4 family residential. Find a good broker and start there. They are your best resource staring out.
Investor · Willow Spring, NC · Member since 2009 · 5k+ posts · 3k+ votes
9y
From a financing perspective, technically a 4 plex is not multi-family, but 1-4 family residential. Find a good broker and start there. They are your best resource staring out.
Investor · Bradenton, FL · Member since 2015 · 51 posts · 5 votes
9y
I personally stick to 2 to 4 unit buildings because of the residential loan aspect of it. Ive spoken to a few commerical lenders in my area about different properties, but honestly...the balloon payments in 10 to 15 scare me off.
MLS listings daily sent to you from a realtor is your best option. If not you could look at zillow/trulia/redfin but their info is not always accurate.
For off market deals, you could look at CL (posting your own add), direct mail, bandit signs, networking, Driving for dollars, website, etc.
Investor · Knoxville, TN · Member since 2016 · 116 posts · 26 votes
9y
Wow! Thank you for the input everyone. I've began searching this morning and am seeing plenty of results. Now that I know where to look, I shall keep studying and analyzing my market, and getting the down payment ready. If you have any advice for someone just diving into this world I am all ears. Thank you again everyone