Multi-family properties in Birmingham

[Tyler McLeod]

Hi all,

Long time on-and-off lurker haha. I've been interested in the idea of real estate investing since I graduated high school. Since graduating college and having been working for a couple of years, I can make that idea a reality. I am just not sure exactly where to start. 

I was initially attracted to the idea of multi-family or multi-unit properties, but I am having trouble finding properties in my area. I live in a suburb of Birmingham, Vestavia Hills. Ideally, I'd like to purchase a property and live in one of the units while renting out the remaining units. My problem is I have not been able to find a property like this in my area. 

There are a lot of MF properties in north Birmingham, but that is not close to my work and, frankly, not the best part of town. 

Any suggestions or advice for a newbie?

Tyler

[Cooper B.]

There are plenty of multifamily properties in Southside, a few in parts of vestavia/hoover (that area around wisteria drive), and there are some in Cahaba Heights.

Another option is to find a home with a back house, guest house, garage apartment, carriage house,etc.  You could live in the guest house and rent out the main house.