Helping selling a Multi-family property, where to?

Question

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

Matias Torres · Answer

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.

Best of luck,

Matias

J Zev J. · Answer

@Anthony T. - Your dad could list with a national commercial brokerage which might get more exposure and therefore bring in more offers.