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Updated 12 months ago,

User Stats

11
Posts
2
Votes
Kevin G.
2
Votes |
11
Posts

Sacramento, CA multi unit advice

Kevin G.
Posted

Hello everyone. I'm looking for some thoughts specifically for the downtown Sacramento market targeting either a two to four unit building or a 5 to 6 unit.

I'm hoping to get some opinions on:

Pros and cons of each (less than and more than 4 units).

Current rents you are seeing for a 1 bed and 2 Bed.

Buying in a good location with a building already and great shape or try to find a fixer.

Best locations/ neighborhoods to target.

Ideal cap rate and or cash on cash rate target, etc.

Current rates / down payment requirements for a >4 unit building.

It would appear to me that this market is more about appreciation of the asset than large cash flow.

I am not looking to house hack, flip etc. Looking to buy an income property in my local area.

I don't know where/how to start in other areas so open to feedback on this topic too.

Any guidance would be appreciated.

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