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Updated over 1 year ago, 07/11/2023

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Rahni Walden
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Best way to maximize profit when selling?

Rahni Walden
Posted

Hello all, I have a single family property that I've been renting out for some time and I am thinking it is about time to sell so I can roll this into maybe a smaller multi-family property or multiple single family properties. However, I am a first-time seller. A lot of the books I've read only really go into a cash-out refinance, and not too deeply into the actual selling of a particular property (beyond stating it can be sold and maybe mentioning a 1031 or taxes). I may have just missed it, but is there a resource that goes in depth with how to know you're in a good sale and getting the best offer/reducing fees as much as possible?

I am looking at the number of fees and commission when selling, and am wondering if there are any good ways to make sure I am not losing a large chunk of the profit in the sale? I know there are individual investors who would look into buying, perhaps, but I have never done a sale before -- so would still involve a lawyer or realtor to look things over. I have also seen real estate trusts, iBuyers and other types of syndication.. are those generally not a good idea, when selling investment properties? What do most people tend to lean towards, or does it just matter what is available/most suitable? I am in the Las Vegas, NV area

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