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Updated over 4 years ago, 07/03/2020
small multi family in california vs your state
I have been looking and analyzing duplexes and triplexes in northern california for close to a year using the parameters I learned from Biggerpockets. I have found none that met the "good buy" parameters, and only a couple that still had a cash flow after deducting the recommended percentages for the costs. My question is how are the other states doing?
My plan was to make my first purchase a duplex so I can start off my portfolio, but at this rate, I may have to buy a single family home. I get that I'm new at this and don't have an in on the off market buys, but....this is very disheartening.