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Updated over 6 years ago,

User Stats

81
Posts
18
Votes
Mark Gee
  • Rental Property Investor
  • Red Bank, NJ
18
Votes |
81
Posts

Best Way to Sell a Cash Flowing Apartment?

Mark Gee
  • Rental Property Investor
  • Red Bank, NJ
Posted

Hi All,

In the past 10 years, I've had a very good niche' buying foreclosed properties from banks and rehabbing them and turning them into rentals.  It's worked out very well and I've learned a great deal along the way about landlording and rehabbing. I love the strategy, but I'm ready to focus on solely large multi-unit properties. 

As a result, I'm curious the best way to begin selling my smaller condo units to other investors. Typically they return around 8% cash on cash (over 20% ROI if using bank loans) and are fully stabilized in very good neighborhoods (B to C grade) in Monmouth County NJ, specially Oceanport.

For so long, I've only been focused on buying and building a portfolio that I don't really have good experience in selling efficiently to more passive investors, who aren't fully time like I am. 

I'm opposed to using the MLS just because I really like my tenants and I promised that they could stay as long as they liked.

I would appreciate any tips, in selling "turnkey".

Thanks!

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