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Updated 10 months ago, 01/11/2024
How do I market a bastard property?
5 years ago, I bought a property with a single family house and a quadplex (5 units) on the same parcel. I ended up paying cash for it because I couldn’t find a lender that had a financing product that “fit”.
Now, I want to sell it or refi it because I found a new investment and I could use the equity.
So if I am in a hurry to get funds out of this property, what is my best plan to move forward quickly?
We had a situation like this a few years ago. Ultimately a local lender came to the rescue because they understood the market and the asset. Before you list, id call every local bank who will entertain a conversation. We were pleasantly surprised and its one of our best cash-flwoing deals to date.
- Matthew Morrow
- [email protected]
- 484-791-6200
Quote from @Christopher Philbrick:
5 years ago, I bought a property with a single family house and a quadplex (5 units) on the same parcel. I ended up paying cash for it because I couldn’t find a lender that had a financing product that “fit”.
Now, I want to sell it or refi it because I found a new investment and I could use the equity.
So if I am in a hurry to get funds out of this property, what is my best plan to move forward quickly?
Hey Christopher - Are you still looking to sale the investment? If so, please send me the details.