Prices falling for small apartment buildings | four, market, buildings [Southern California]
Irwin “Tres” Trester spent more than a year looking for income property before buying a four-plex in Huntington Beach.
“The advantage I was looking for was cash flow. … Going from a (rental) house to a multi-family seemed like the right way to go,” he said. “And the place to go seemed to be Orange County.”
Like Trester, a lot of people are looking to invest in real estate as an alternative to a roller-coaster stock market and low-yield CD’s.
While most bargain-hunters are shopping for houses or condos to use as rentals, some agents advise that investors consider small apartment buildings instead.