Real Estate Investor · Monroe Township, NJ · Member since 2016 · 468 posts · 85 votes
I have an investment property in Memphis, TN that I would like to sell. The property has been rented and has a good positive cash flow. I would like to get a fair market value. I talked to the selling division of my property management company and the prices I seem to have received for recommended listing and selling seems to be far below what I see in the area. You don't need to give me any realtor references on a public forum. May I request any suggestions / recommendations on a private message if that makes sense?
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
5y
You're an investor right?
Did you pay top dollar when you bought the property, outbidding all owner-occupant (OO) interested parties?
Doubt it!
Owner-occupants are always willing to pay more for a property than an investor. An OO buyer justifies the purchase price by how it fits into their budget. An investor justifies the purchase price by the ROI.
If you want top dollar, you will have to vacate the tenant.