Multi-Family Quadplex & Leased Land

[Nicholas Ramirez]

Curious to know your general thoughts on this. I'm looking/interested in a 4-unit (2 - 2B 2B 2Car attached garage | 2 - 2B 1.5B 1Car attached w/ patio space). Location is great as it surrounds tons of local shopping, dining, entertainment, and easy access to two main freeways.

The description mentions that the land lease expires in December on 2063. Is this something I should shy away from completely. Can someone offer their pros/cons list? I have absolutely 0 knowledge on how land leases affect real estate, and therefore, investing. Or is anyone can offer some resources/books to read up on the matter, I'd greatly appreciate the insight. Thank you all!

I should also mention, this investment would be a live-in/house-hack deal/purchase.

[Joe Homs]

@Nicholas Ramirez I don't know of many multi-family with a land lease.  Mostly Condos in Santa Ana areas.  You should check with a lender, as you will probably not be able to get a loan now days on something like this.  The price is probably really low because of the lease.  You should also check with a CPA, as you probably will not be able to deduct the lease payments as well.

Good Investing...