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Updated about 2 years ago on . Most recent reply

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David Czech
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Anyone concerned about being able to sell multi-family property?

David Czech
Posted

Is anyone concerned about eventually being able to sell their multi-family properties? I don't know if its because I'm on the younger side but I feel that younger families are looking for that perfect single family home and not necessarily looking to house hack. Even appealing to investors is hit or miss dependent on the buyer. Even if its a good property, I'm concerned that price drops will be required given the niche appeal of such a property. I'm not looking to sell just thinking out loud. I guess the rates and current climate have me thinking. 

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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
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Steven Foster Wilson
  • Rental Property Investor
  • Columbus, OH
Replied
Quote from @David Czech:

Is anyone concerned about eventually being able to sell their multi-family properties? I don't know if its because I'm on the younger side but I feel that younger families are looking for that perfect single family home and not necessarily looking to house hack. Even appealing to investors is hit or miss dependent on the buyer. Even if its a good property, I'm concerned that price drops will be required given the niche appeal of such a property. I'm not looking to sell just thinking out loud. I guess the rates and current climate have me thinking. 


 Honestly, with the housing shortage in Columbus, I am not worried at all. I bought my properties and plan on holding them. There is always going to be someone who needs a place to live. Even if the market goes down for a little bit, it will always come back. I wish I would have bought or been able to buy during the first crash. Those people sold at incredible rates once the market went back up again. I was listening to the BP podcast #635, it says you have to get over the fear. 

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