Why this blog?
You don’t have to be a millionaire to own an apartment building in Los Angeles. However, you do have to know what you’re doing, or at least work with seasoned developers and brokers who do. If you’re curious, I recommend starting in the “Essentials” section below or contact me at 310-801-0000.
As a top 2% Realtor at Coldwell Banker, I help investors like you buy and sell apartment buildings to increase your net worth. There are many opportunities for investment, and I can help you decide whether selling is the best option, depending on the market and your area. Email me or call 310-801-0000 if you’d like to set up an informal meeting, or chat on the phone about what opportunities are out there.
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Hi David. I was searching for information about financing for fourplex investments in Los Angeles and came across your blog. You focus on 2-4 unit residential income properties “mostly because financing opportunities are better.” I understand financing for 5+ units is considered commercial and 4 units and smaller is considered residential. But if you care to explain more about why financing opportunities on 2-4 units are better, I’ll find it interesting. Are they higher leverage, better rates, longer fixed-rate periods, or other? Thanks.
Yes to all of those reasons, Andy. Residential loans offer higher leverage (75% versus 50%-65%), better rates (varies), and longer fixed-rate periods (30 years versus 5 or 7).