Thanks Joel! I don't have a regular job & I love to do RE full time. I like to be little conservative. I checked some MF in LA and I feel like i have no control at all except passing onto property management. Most of the MF area are running down. And the cap return is 5% and the cash return is not lot higher than SFH. I talked with one of my friends in MF business. He really discouraged me to jump in MF.He thinks the prices are so high now, it doesn't have much cash flow. Besides there are lots of regulations and high utility on landlords. With SFH, i want to purchase the low price range like 350K, the tenants stay longer and I can do some rehab for improvement. It's easier for exit too. If the cash flow with MF is lot more, I would consider MF. Like SFH with 350k , the rent would be $2200/month, with MF, one unit is $1200 for 140k. The turnover is lot faster than SFH, and lots of vacancy. Maybe I didn't do enough research about MF. But I will check more.
Charles, I never thought about the self storage. I will look it into later.
Joseph: All the properties are in China. The reasons for huge appreciation are due to several factors. The exchange rate is a big one . 7 years ago was $1=8 Chinese yuan. Now 6 yuan = $1. Of course China is booming and a developing country. There is more room to grow. The last factor is big inflation. But now I feel like it's reaching the peak. That's why I am selling all of them.
I bought all with cash about 6-13 years ago.
