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Multi-Family and Apartment Investing

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Mark Armstrong
  • Rental Property Investor
  • Knoxville, TN
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Need to sell a Multi-Family Property

Mark Armstrong
  • Rental Property Investor
  • Knoxville, TN
Posted Oct 25 2021, 11:58

I had a triplex property listed on RoofStock but they just informed me that, and I quote:

We are ceasing operations in Iowa for the time being as we had a broker retire. We are hoping to be able to list properties in Iowa again, and I will let you know as soon as anything changes.

So, I need to sell a multi-family property fast. It's a recently renovated property, just finished it this month, but it is still empty even though it is being marketed:

https://www.rentable.co/davenp...

So, I live in Knoxville, TN so I'm a little lost on how I can market and sell this property when it's out of state. I was thinking about creating a listing on Craigslist for a "Live Rent Free" listing where I could break down the math as to how they could buy the property and rent the other two units and the rents would pay the mortgage.

Anyone have any experience selling out of state without a realtor? How do I handle the sale? Would I just need a title company?

Thanks.

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