Is the LA Area (WEHO, Downtown range) only for big investors? (10M+ purchases)
Before I ask a few questions, I am not a homeowner (I rent) but doing research on buying a multi-family building.
From my understanding, the average return on investment is about 8-11%. Most of what I see in LA for 2-4 family buildings, is always around 4-6%. When I look in other states, I can find ROI's above 15% and normally around the average.
I just have a general question… What is the scene like in LA for real estate investments in today's market? Is it even worth buying in the already gentrified areas in LA when the US stock market on average can do 6-10% annually?