Getting Decent Deals on MF in Metro Atlanta (The Suburbs)

[Chloey M.]

My goal is to buy a duplex in the metro area, (Gwinnett, Cobb, far parts of Dekalb, etc.) But I've noticed these are usually not for sale, or they're being sold at prices that won't make sense for a person looking to cash flow properly.


For those who have experience buy MF properties, would it be safe to say that once a property is listed on the MLS, it's probably too late for a good deal? But somebody's doing it...so are they snatching them up before they hit the public, so to speak?

Funny thing is..when I DO see something, I often wonder WHY. WHY would someone give up something that is generating income? Maybe I'm just overthinking it! :P

[Brenden Mitchum]

Hey @Chloey M.!

What @Erik Hatch said: Drive for dollars. Obviously keep an eye on the MLS and have a good broker to keep you updated, but with so much competition and so few MFs in the area, I highly recommend finding those pockets of MFs and running targeted direct mail/cold call campaigns on those properties. Now you may think "why would someone sell this to me?" But you really have no idea what their current situation could be. Personally, I like to find the neglected properties and mail to them since these are the most likely to have motivated sellers.

So find those properties, start mailing, and don't give up. They may not be ready when they get your first letter but they may be on the 3rd or 4th. Again, you never know.