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Updated over 6 years ago on . Most recent reply
How to sell inventory (multiple houses)?
Last month, I sold an empty SFR pretty easily. I actually posted in my local REIA facebook page and an international investor and I made a deal. This investor has expressed interest in any other properties I may have.
I've got 5 SFRs that are all leveraged by a single commercial mortgage, so I'd like to sell them all together. All 5 are rented, but with two are on month-to-month leases, so I could feasibly get those empty pretty easily prior to selling if that's what the investor wants (I know inheriting tenants is a very opinionated topic).
What are some good tips for presenting my inventory to help me get the best price? I know I need to provide rent roll and such, anything else? Should I include any specific numbers/values up front to make it easier for them to see their bottom line? Should I offer to empty the the month-to-month houses or wait for them to ask?
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Can you empty them and list them all individually? What price range and how long are similar homes sitting on the market in your area?
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