New Guy From Atlanta Georgia

[Kabir B.]

Hello BP Members!

I have finally decided to create an account on the BP forum after reading for the past few weeks. Definitely obvious that is a good place to learn a lot and share experiences as well.

My small introduction ---

I'm 29 years old and expecting my first child very shortly. I currently have no stakes in any properties and am trying to learn as much as possible before making my first move.

I've got access to MLS listings as I have a family member that holds a real estate agent license.

Ideally I would like to get my foot in the door by obtaining some multi-plex properties to begin my initial cash flow and portfolio. I dream of owning at least 2 quadplexes. I would then like to take my cash flow and start investing in SFR's.

I have a decent job and am mainly looking to supplement my income. I would eventually like to retire and have a few good SFR holdings to assist me with retirement income.

I'm open to any advice, suggestions and opinions...

One question that I do have at the moment is where is a good source to seek out MFR's?

Thanks again and I apologize for the lengthy introduction...

[Mehran K.]

Welcome to BiggerPockets @Kabir B.!

Congratulations on the soon to be born baby! I like your goal to build a cashflowing portfolio as I am a buy & hold investor as well.

Some places to find deals are the MLS (obviously), wholesalers, networking with other investors at REIA meetings, even Loopnet has some 2-4 unit properties listed. There are always Turnkey Providers as well, though I'm not familiar with the Atlanta market.

This may help you evaluate some deals that come your way: The 50% Rule: How to Quickly Analyze a Multifamily Investment Property

Hope that helps some.