All Forum Posts by: Osmund Y.

Hi Jon,

In your experience is there any kind of average or range in the discount percentages you are referring to?

It's a bit ironic - when we acquired these properties, we would have paid extra for the convenience factor of a turnkey investment package; we had to locate the buildings, purchase, rehab, and establish tenants and a working management solution ourselves. Now that the shoe is on the other foot, we have to discount? Too funny.

Thanks,

OY

Thanks for the replies Uwe and Jon,

These properties are all relatively close together (few minutes between, for the most part).

We're considering selling to invest in a non-real estate related business (the rentals' CAP rates are fabulous, but this is a much larger opportunity). The bulk sale idea was to expedite/simplify the sales process, hopefully for both buyer and seller.

Inventory is extremely thin and sales have been on an uptrend here (well, things seized up right before the election, which happens every time).

We're looking to fully cash out for the other investment, so owner financing isn't an option.

Appreciate both of you taking the time to reply.

OY

Hi folks,

Long time lurker, first time poster. Please forgive the rudeness.

Not sure if this is the best forum to post this question in, but could use your help. We’re thinking of selling a group of rental properties we rehabbed and rented out over the last few years and wondered if anyone had any advice on how to approach it; we’re not trying to pitch the deal here in this thread, but looking for anyone with experience with group sales and feedback on best strategies.

We have 14 units in SW Florida, spread among 10 buildings: 6 single family homes and 4 duplexes. We’re thinking of either selling the SFRs as a group, or the duplexes as a group, but probably not both. They are all rented out with annual leases, and the cap rates are fabulous.

Normally, we’d just turn them over to a real estate agent and sell them individually, but we thought that it might be more appealing and would expedite a transaction to find an investor who would want them as a group and turnkey like this.

These are older buildings (1960 – late 1980’s), but solid. At the average price point per unit we are considering, it’s likely this would be a cash sale. Does anyone have experience with deals like this? Suggestions on where or how to market? Warnings or advice on group sales?

Thanks in advance.