Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago, 01/11/2024

User Stats

15
Posts
2
Votes
Christopher Philbrick
  • Investor
  • Southampton, NJ
2
Votes |
15
Posts

How do I market a bastard property?

Christopher Philbrick
  • Investor
  • Southampton, NJ
Posted

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?

User Stats

398
Posts
153
Votes
Matthew Morrow
Agent
  • Investor
  • Pennsylvania
153
Votes |
398
Posts
Matthew Morrow
Agent
  • Investor
  • Pennsylvania
Replied

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. 

business profile image
The Morrow-Wargo Group
5.0 stars
35 Reviews

User Stats

4
Posts
1
Votes
Noumso Kaba
  • Investor
1
Votes |
4
Posts
Noumso Kaba
  • Investor
Replied
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.

BiggerPockets logo
Join Our Private Community for Passive Investors
|
BiggerPockets
Get first-hand insights and real sponsor reviews from other investors