Finding Multifamily Deals

[Tyler Rebischke]

I first have to say that I am completely new to Real Estate and am still in the process of getting educated. Part of that education comes through reading the forums about purchasing multifamily homes, which is where I plan to invest. These forums have been talking about the scarcity of deals out there for investors to buy multifamily properties, but I have been looking at the Bigger Pockets Marketplace and LoopNet for deals and have seen several that are interesting. As a new investor I don't have much of an idea if these are good deals or not yet, but is there really a huge shortage of multifamily properties out there for new investors?

[Eddie Cottingham]

@Diana Dorantes I agree. I actually have been lurking for some time, doing a vast amount of reading and still seems there are many voids in my knowledge to fill. Mainly ones that are situational and that will essentially only be learned through doing actual deals. Because of this, I plan to house hack for my first duplex or triplex and grow from there.

That being said, as far as multifamily on the mls, I never see anything worth the time in the Birmingham, AL area. I figure most are simply acquired off market.