How do I go about selling my multi-family house?

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Rental Property Investor · Ogden, UT · Member since 2018 · 20 posts · 5 votes
7y

What these gentlemen said ^

Where is the property? What exactly is it/how many units? Why do you want to sell? We're always looking to add to our MF portfolio (depending of course on location and price.)

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  • Contractor · Toledo, WA · Member since 2013 · 26 posts · 9 votes
    7y

    @Gary Volmar It would be good if you posted your location and/or reached out to realtors in your area. Every situation is going to be different: do you want to sell quick, do you want top dollar, is it a cash only deal, etc. Find a good realtor who has experience with multifamily and determining a fair investment price for the property. If you are trying to go it without a realtor, the best way would be to read up on this website about valuing real estate deals and look at other deals in your area. If you are anywhere near Western Washington just send me the address (don't tell anyone else) and I'll take it off your hands ;-)

  • Rental Property Investor · Tacoma, WA · Member since 2018 · 244 posts · 140 votes
    7y

    @Gary Volmar 

    I agree with what Kirk has to say. A little more information would be helpful. With that being said a very good beginning first step would be to speak with a realtor. If you don’t want to use a realtor I would be willing to add a MF to my portfolio depending on location, and asking price. 

  • Rental Property Investor · Ogden, UT · Member since 2018 · 20 posts · 5 votes
    7y

    What these gentlemen said ^

    Where is the property? What exactly is it/how many units? Why do you want to sell? We're always looking to add to our MF portfolio (depending of course on location and price.)

  • Brooklyn, NY · Member since 2019 · 5 posts · 0 votes
    7y

    @Jordan Christensen it’s located in Brooklyn and It’s a 6 unit building.

  • Brooklyn, NY · Member since 2019 · 5 posts · 0 votes
    7y

    @Justin Frank it’s located in Brooklyn ,New York as a 6 unit building.

  • Rental Property Investor · Tacoma, WA · Member since 2018 · 244 posts · 140 votes
    7y

    Thank you @Gary Volmar 

    I would need way more information than this but the location is a great start 

  • Rental Property Investor · Teaneck, NJ · Member since 2016 · 567 posts · 291 votes
    7y

    @Gary Volmar I am a realtor in Brooklyn and can try to help you with it or point you to the right person who will help you to quickly sell it. send me a direct message if you would like.

  • Scott WolfPro Member
    Lender · Boca Raton, FL · Member since 2014 · 1k+ posts · 958 votes
    7y

    @Gary Volmar you should sell it to me for $50k per door.

    Just kidding! You’ll want to interview a few brokers to get an opinion of value and how they will market it.

    If you need a few recommendations, I’d be happy to help.

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