Tips For A Slow Market

[Landon Allen]

Hey everyone! I'm looking for some tips on how to acquire a small multifamily (1-4 units) in a slow market to house hack. I just recently got approved for a loan and have been working with my agent for about a month and a half now. Still no luck! I've been looking in the Greater Lansing area where there's only about 38 multifamilies on the MLS, when this time last year there were well over a 100. I understand patience is key here but I can't help feeling like I'm not doing enough. I was thinking of taking the whole drive for dollars approach but not really sure if I should be looking solely for distressed multifamily properties or just take my chances on every multifamily in my desired farm location. I've also been considering cold calling landlords who have their properties listed for rent on craigslist to see if they'd be interested in selling (I've been a little nervous to pull the trigger on this idea lol). Any thoughts or tips on the matter would be MUCH APPRECIATED! Thanks