We are hoping to purchase a multifamily property by the end of the year.

I’m 25 years old and new Real Estate Agent in the Los Angeles area.Before becoming an agent I’ve always had a long term goal of being a landlord, whether it be through a family home or an apartment building.

It varies by situation, but a couple decent benchmarks are if it improves your rate by 1% or more, or you recover the refi costs in two years or less.

I have helped a lot of rookie investors get their first property over the years. 

I bought a 4 plex a year ago and I live in one unit while saving for another.

According to google, it should last at least 50 years. 

Even though I am a Broker I dont sell real estate ( that I dont own ) for many years now..

Can they be 30 years, or is 10-15 years more typical?

. ** (when i respond it is not just for the original poster but others that learn from lurking)Not only are they not typical results, the year the property was bought and the method used to purchase play a huge role.

That's just a 1 year look.