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Updated about 6 years ago,
baby-boomers mismanaging MF buildings? Is this an opportunity
Wanting to hear opinions surrounding the hypothesis that there will be HUGE opportunity in multifamily investing over the next 5-10 years as baby-boomers begin to sell their multifamily properties (specifically in the self-managed 10-40 unit buildings).
Is this a reasonable thought? I am a year and a half out of college and currently own 2 single family rentals in Atlanta. I am looking to strategically move into the multifamily space as quickly as possible to take advantage of the large-scale baby-boomer disposition movement that is and will be taking place over the coming years. A hot topic on BP and similar podcasts is "taking over apartments from mom&pop and burnt out landlords", which aligns with the theories written about in Dave Lindahl's Multifamily Millions.
Do we think that this movement is also creating an opportunity for seller-financing? I want to believe that lots of baby-boomers are tired of sell-management, but still want "mailbox money" every month in the form of interest.
Has anybody seen this theme recurring in their personal investments?
With all of this said, my goal is to get into multi-family property in the southeast by leveraging these theories. Let's connect if you have had experience re-positioning underutilized apartment buildings.