Markets for Multi-Family B Class Neighborhoods

[Matt Schreiber]

I was looking to buy a duplex or a fourplex out of state in a B class neighborhood. I was looking at single family properties in North Carolina, Tennessee and Alabama but I didn't see as much multi-family in those markets. I don't really know where to start when searching for cities that have a lot of multi-family opportunities. Does anyone have some markets they could recommend that I could focus in on? Thanks!

[Jacob Franz]

Hey Matt, I would encourage you to look in the south Birmingham, Tuscaloosa, Auburn as well as Huntsville. They are all competitive markets but deals can be found if you are patient and watch for the opportunity. I would stay away from Montgomery and some of the smaller towns around the state that are not going to have very limited or negative population growth. In the real estate game, you have to be patient waiting for the right opportunity and then move quickly when it presents itself.