an wrote:gzz wrote:Here’s a

[Escoguy]

[quote=an][quote=gzz]Here’s a MM 5/2 (only 3/1 permitted) that sold for $269k in 2009:

https://www.zillow.com/homes/7916-Peach-Point-Ave-San-Diego,-CA-92126_rb/16786665_zpid/%5B/quote%5D
Imagine if you have the income/asset to qualify to buy 10 at this price and put down 20% each. Down payment would have been ~$540k. Today, that house would sell for ~$750k today, so that’s a gain of ~$4.5m w/in 13 years.

I think RE is the only investment vehicle where you’re only required to put in 5-20% and borrow the rest. Also, you and the house want the same thing.[/quote]

I hit about 3.5M with 8 but yes these would have needed a lower downpayment and thus higher ROE, but we roll with with what we get.

If I had to venture a guess, I’d say 200-300K more appreciation per unit over next 13 years can be in the cards.