13 Off Market Properties - How Best to Sell

[Francois Bessing]

I've been doing some research on this and have come up with two perspectives. Before that, here are the spec of the portfolio which I'm selling for my client:

13 Off Market Homes For Sale in Portfolio (Owner Retiring)

Location: Rochester, NY
Price: $1.3 million +4% Agents Fee
NOI: $162, 731
Cap Rate: 13%
Grow Opportunity: Rents priced low

1) Hold out to sell all. In other words find the person who will buy them all and don't sell them until one investor is found.

2) Sell them how you got them. Meaning sell one by one until the entire portfolio sells which would take longer.

What would you advise?

[Steve Vaughan]

Better for the seller individually for highest dollar.   If they are spread out over more calendar years, better for taxes too.  

Investors will always pay less and not get emotionally involved.  

Again, taxes should be a material consideration.  

 I sold a bunch last year and would've been devastated if I didn't carry the paper on 85% of them.  @Francois Bessing