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Updated 12 months ago,
Sacramento, CA multi unit advice
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.