Orange County Ca Multifamily
Hello, I have been investing in Orange County single family homes for a while. In the midwest I can buy a house for $100,000 and immediately have a great positive cash flow. In orange county it's almost impossible to buy an single family home and have a positive cash flow. The price of the home vs the rental price just doesn't work out. I'm wondering about multi family units in Orange County. For example is a 4-plex in Anaheim as good for investors as say a 4-plex in the midwest? Can we expect a similar cap rate as say the midwest? I've never thought about multifamily units but maybe it makes sense in Orange County?