Allen, TX · Member since 2016 · 12 posts · 6 votes
Hello all,
My father is looking to free up some capital for retirement. To do this he's decided he wants to see a property he's owned for awhile. He wants to try selling online to a bigger company vs local, so I was wondering where he could get started?
The information: 8005 Cisne St. Pharr, TX 78577 - Free & Clear - 7 3/2b, 1 2/1b, 1 1/1b - Cap rate: 7.25%, NOI $47k(room for increase - fully leased & is currently semi-managed - asking price $620-650k
Investor · Southern California · Member since 2021 · 27 posts · 16 votes
4y
Accomplishing your goal should be reasonably straightforward for you @Anthony T.
There are plenty of excellent real estate agents around your area. The big thing I would recommend is to hook up with an agent that is a good guy or gal and straight up about all the costs associated with the transaction.
If you would instead do a seller finance type of transaction, this can be accomplished too, as many investors are trying to get into the RE investment in Texas.
I can give you some recommendations if you like; otherwise, the "real estate agent" under the "network" tab at the top of the Bigger Pockets website works wonders.