Los Angeles, CA · Member since 2017 · 31 posts · 24 votes
Hello there! I am a newbie and I just want to ask if multifamily house is better than single family house in Los Angeles. In terms of buy and hold. As for the prices that I seen, the price of single house is too high that I can't produce at least 8% CoC Return. And when I looked into duplex, it is more affordable to acquire What are your thoughts?
John Michael Rico Depends on your deal. Throwing a blanket statement will be grossly misleading at best case scenario, criminally insane at worst. Consider also your cash on hand or equity position, MF is always higher entry point, especially to a newbie without experience.