Duplex/Triplex/Quadplexes Insider the Perimeter?

[William Pierce]

I'm new to Bigger Pockets and relatively new to the Atlanta area. Just finished grad school and signed a two year w-2 contract in the city. I'm interested in learning more about the multifamily home market inside the perimeter. This will be my first property and I'm hoping to start by "house hacking". 

What areas of the city do you find most promising? From my basic searches it seems like opportunities are few and far between ITP. 

[Ryan Johnston]

ITP MFR comes down to two things. Do you value tenant quality and neighborhoods or your cap rate. The duplexes are available and a lot sell off market but it depends what is most important to you. Depending on your price range for the purchase that will narrow it down pretty easily as far as what areas will have what. Atlanta does tend to have less MFR than other Metros and a lot of it exists OTP and in areas such as Gwinnett County. If you are looking to house hack Lindbergh and Chamblee/Brookhaven still have some decent options. Good parts of Decatur (City of Decatur) has been inflated the past few years and anything from Morningside/Midtown/Virginia Highland will typically have caps at 7% or less. Going below I-20 and the West Side may keep your numbers up but the neighborhoods are more transitional.