All Forum Posts by: David Bergeron
David Bergeron has started 1 posts and replied 2 times.
Post: Where to start when trying to Sell a Portfolio

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@Theresa Harris - I have done improvements to the properties and have gotten them fully rented with increased rents compared to before.
@Scott R. - I plan to make a post in a few of the FB groups to see if anyone would be interested, I hadn't thought about craigslist. It is and I am not sure about over priced as the ones that I have gotten have been well above the usual percentages BP recommends. Also, not necessarily - after selling I wouldn't mind staying in Amarillo if the right property came about.
Post: Where to start when trying to Sell a Portfolio

- Posts 2
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Hello,
I have been listening to BP for some time now and finally bit the bullet and began investing about a year ago. I am closing on a 4th property and will have 11 doors bringing in around $60k per year after general expenses. The goal is not to sell out but to upgrade to larger multi family opportunities. I have a property manager but he has never tried to sell a portfolio before. I assume the best first step would be to find a realtor that does portfolio acquisitions regularly and is comfortable with the ins and outs of this sort of transaction. Are there other recommendations of where to start? Or things I should look out for when it comes to finding the right realtor to sell or trying to sell it on my own? Also, I have already created a slideshow of sorts to show the properties and their incomes along with general facts about the tenants and properties individually, easiness of finding new tenants and information about the city they are located (Amarillo, TX). If anyone has any suggestions, please let me know. I am eager to continue moving up in my real estate career.
Thank you