All Forum Posts by: Kristopher Pruitt

I agree with @Account Closed, I think you'd be hard pressed to find a 2-4 unit in an A/B neighborhood in Sacramento for under $400k without needing extensive renovations. Even then, getting the cash flow you desire would be difficult. Good luck in your search.

@Ricardo S.

I'm interested in the 4-plexes you mentioned. Please send me a message with more info.

I'm trying to put together a small investor group of friends for a small multi family buy and hold in Sacramento. Due to the higher costs to get started here we will be using our collective funds for the down payment (25%) and closing cost and using a conventional loan to fund the rest. We all have stable, high paying jobs. My question is how do we go about structuring the financing and title? Would we put each individual on the loan and count each persons income and debts? Same for the title. Would it be better to just create a new llc and use that for everything? Any help is greatly appreciated. Kris

I’m a new member of BP living in Sacramento and looking for a first time investment in North Carolina (hopefully moving there soon). I’m currently an Air Force pilot and my wife does research for the State of California (Ph.D). We are looking for multi family (2-4 units) buy and hold properties in Charlotte, Raleigh, and/or Asheville.

Thanks for all the resources and we couldn’t be more excited about joining the BP community.