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Updated almost 6 years ago,
Mechanics of Selling Multifamily Out of State
Hi all,
I am looking to purchase my first investment property soon. It is a triplex in southern Indiana. I live a few minutes away from it but I plan on moving out of state in sometime in the next couple years. I have factored a PM into my numbers and I should have a trustworthy network of people to help me run the property.
The one thing I am having trouble wrapping my mind around is how to sell a multifamily property while out of state. Would someone be able to walk me through the mechanics of how this would work? Which professionals would be involved? Who would show the property and how would that be done if it is full of tenants? It would be great to hear some some of your stories.
Thank you in advance for your responses. This is one of my last mental hurdles before I dive head first into the exciting world of income properties!