Stuck in the Duplex Doldrums!

[Adam Charlton]

Hey gang - I’m sure you’re all feeling the same pain… so few deals and such little time!

I’ve been scraping the FMLS day in, day out for WEEKS looking for a Duplex with little to show for my efforts. Planning a door knock / direct mail approach next but please, if you or anyone you know is looking for a cash buyer in the Atlanta area you’ll help save me from total insanity - and get me out of the Duplex Doldrums!!!
Thanks for listening,

Adam

[Brenden Mitchum]

Hey @Adam Charlton, welcome to the BP community!

Only weeks? Well strap in and prepare for MONTHS of searching. We stopped looking at small MF in Atlanta a while ago. There just isn't a ton of it and what does exist is often traded off-market or for ridiculous prices on the market. And this was before the current residential housing supply shortage. 

My advice would be to forget about the MLS and go straight to direct to seller strategies. There are obvious pockets of small MF in the metro and you could spend some time driving around these to get a feel for what's out there. However, most will be rental units so I'd recommend finding a way to reach the owner, rather than door knocking.

Now, if you're just looking for cash flow and economies of scale, you might want to look into coliving. Atlanta is a great market for the strategy because there are a ton of single family homes but a lack of affordable housing. We're always looking for cash buyers to help get started with coliving. Feel free to reach out anytime if you have questions or want to discuss further!