Updated over 10 years ago on . Most recent reply
Los Angeles multi-family Appreciation
What neighborhoods in Los Angeles will be most effected by appreciation within the next 5 years? Specifically in regard to multi-family homes.
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Your betting on throwing 7's five times in row . . . RE is cyclic and we do get down turns.
My advice is to look for properties which will bring a cash flow on day-1 (aka fully occupied multi-family unit).
WHY? Because FMV may fall but until you sell it, it just doesn't matter. All the while, you keep making deposits at the bank