Looking to buy Fourplex in Sacramento, CA

[Sunny Singh]

I am a new Investor and moving to Sacramento in 1 month and looking to purchase a 4plex/Fourplex. 

-Plan to live in 1 unit of the 4 Plex and house hack (Buy and Hold). Until I purchase my primary residence.

-Looking in high demand/rental area

I've run numbers on some properties and it seems difficult to generate positive cash flow. I would be happy to even just break even while living in one. What are your thoughts on the Sacramento Rental market? Does it make sense to look into a 5 Plus Multifamily which may generate profit but at the risk of higher interest rate and commercial loan?

I'd be interested in networking and connecting with someone local who knows the area well. 

[Account Closed]

I did something similar with my first investment. You likely won't cash flow here in the first year, but if you're patient and annually raise rents, it will be worth it. Especially if you lock in a cheap conventional loan. I'm sure there will also be the possibility of forced appreciation because most small multis sold in Sac are not up to 2020 aesthetics.