Updated over 9 years ago on . Most recent reply
Looking for a multifamily house in souther California
I'm new at this and can't find anything with at least 12% ROI. Any ideas what to do?
Thank you
Most Popular Reply
You can easily make 12% ROI on a single family home in Glendale, CA (I suspect you can with multi-family too) ... I know because I owned one there 2002-2016. How are you computing ROI? It should be TOTAL RETURN on your TOTAL INVESTMENT over the ENTIRE LIFE of the investment ... I suspect you are only looking at short term cash flow, and with those blinders on then yes life will be very difficult for you as an investor in SoCal (and everywhere else IMO). The good news is that once you take those blinders off, there is a world of opportunity all around you.