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Updated about 6 years ago,
Creative Ways to Find Small Multi's in South Jersey
I am currently looking for my first small multifamily (2-4 unit) property in South Jersey, primarily in Camden and Burlington Counties. Ideally, I would like to find a distressed property to BRRR. As others have commented on the forums, I have been experiencing some difficulty finding any potential deals in South Jersey due to the high purchase prices and taxes.
Right now, I am only using the MLS to spot potential properties. Most 2-4 units are overvalued by my numbers and still seem to sell very quickly. How are some of you finding small multi's in South Jersey? I have automatic alerts set up on the MLS. I drive for dollars occasionally, but I don't believe it is yielding enough results as small multi's are not very common in my target areas. I may try Craigslist and sending property owners yellow letters even if the properties are not listed for sale.
Thanks for your input,
Ian