Hey there, BP! As the old saying, there is a time to buy and there is a time to sell.
Over the course of the last decade, we have only been buyers of rental properties. We actually have never sold one of our rental buildings. After thinking long and hard about it, we decided it was time to sell one of our larger assets — an apartment package that consists of 20 units (five 4-unit buildings) in Ewing, NJ.
I did not realize I would learn as much as I did during this process! I discovered very quickly that selling my rental properties is very different than selling a fix and flip. The buyers and their expectations are different, and the ways the properties are evaluated are different. As with any new experience, there have been some epiphanies that were revealed during the process.
I hope you find value from this video blog post!
Please share in the comments below – what have you learned when you have sold a rental property?
Thanks as always for watching!