Asked by Frank Wu, Sunnyvale, CA • Tue Jan 29, 2008
I am thinking of investing in 4-plex in Sunnyvale 94086 over a long term. The recent news is "The Commerce Department reported Monday that sales of new homes dropped by 26.4 percent last year to 774,000. That marked the biggest decline on record, surpassing the old mark of a 23.1 percent plunge in 1980." Also there is talk of further decline in 2008.
I don't know how single family home prices and 4-plex prices co-relate and what appreciation I can expect from 4-plex over next 15 years.
I need to make a decision on
a) Is it a good time to buy
b) If answer to a is yes, what Cap-rate range would be considered a good buy?
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