How to find multi Family Units

[Tim Williams]

Hey everyone,

This is my first post. I am currently in the metro Atlanta area and looking for multi family properties that cash flow( preferably 3 plus units). I am finding it very hard to find a deal that wont break the bank. The Atlanta area has become very expensive. I wanted to know what are the best options as far as looking for them and finding the best deal. I am not against finding deals outside the area or putting some rehab work into the property. I am currently debt free with money saved and money in my 401k account. Any assistance that can help is very much appreciated.

[Jonathan Greene]

You should be able to do well still in Atlanta. Looking on Zillow is completely worthless and a waste of time you could be spent building lists or going to REI meetups. Why are you looking for 3+ units on your first deal? Are you going to live in it? Have you ever been a landlord? Seems like you might be biting off WAY more than you can chew. A 3-family should have 3 furnaces, separate everything so what happens when all things break at the same time? Saying you are looking for a 3-family that cash flows is like saying you want air. Everyone wants that. What have you done to prepare for it and what do you know in terms of finding properties and how to landlord? Hit the REI meetups for like a year, make contacts, see properties with a local realtor who is an investor, but whatever you do, don't take your debt-free life and put it into a first deal, not knowing much, on a 3-unit.