I'm new to the game, but i have figured out that multi family homes is a great option for me since i will be using one of the units.
I'm therefor looking for a small (3-4) multi family home (MFH) in Myrtle beach area, but im lost in all my seaches... I have tried to use Zillow but cant find much...
What is you best tip for finding Multi family homes??
Off topic:
How much should my first investment be at? I was telling myself no more then $250,000
Conway, AR · Member since 2017 · 33 posts · 18 votes
8y
Welcome to BP Nikolai! Make sure to find a realtor in the are like @Caleb Coblentz mentioned. Once you get in touch with a realtor, then I would start talking to him/her about the price ranges in the area. Best of luck to you!
Rental Property Investor · Dallas, TX · Member since 2017 · 1k+ posts · 1k+ votes
8y
@Nikolai Lundbakk I would hold back on investing for the time being and focus on educating yourself. This includes understanding your big WHY, chalking out a financial plan, understanding the ins and outs of your investment and then networking like mad in your preferred market.
The last part - networking - is the most important. It will help you separate the wheat from the chaff. Most public listings - Zillow, Trulia, Redfin, Realtor - either do not offer compelling investment value or will have multiple bids.
You want to find a combination of cash flow + appreciation. That will only happen when you consult with local investors, realtors and other professionals.
Realtor.com has a filter where you can click "multi-family units"
Hello and thanks for helping out! The problem is that even if i filter to only ''multi family units'' they show me single units for sale in a multi family property ...