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Updated almost 6 years ago on . Most recent reply

User Stats

7
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1
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Georgie Coote
  • Seattle, WA
1
Votes |
7
Posts

Looking to sell Jacksonville rental purchased from Morris Invest

Georgie Coote
  • Seattle, WA
Posted

I have had such great responses from a recent post requesting help selling my Indianapolis properties, can anyone help me with one I have in Jacksonville? It is rehabbed but not in the best area, the property manager is being very slow with their responses and it has sat empty for many months, I'm ready to move on with this one.

Thank you!

Most Popular Reply

User Stats

191
Posts
204
Votes
Adam Sankowski
  • Investor
  • Somerville, MA
204
Votes |
191
Posts
Adam Sankowski
  • Investor
  • Somerville, MA
Replied

Hey @Georgie Coote I saw your Indy thread too.  Man... first off I feel for you.  I was in a similar situation at one point and reached out to and looked at Morris.  I didn't end up going with them but I could see how one could and I'm really sorry. There is a special place downstairs for someone who repeatedly does this to people.  

With that said.  I know that you just want out and to run but I wonder if you just really worked to find the best PM that you could and maybe get some section 8 people into some of the not better properties if it would make more sense for you to hold them.  I just hate to see someone sell at a lost.  

I invest in Indy as well and I've had nothing but an excellent experience... so it is very possible! You have one SFH that has been stress free right? Just model all of your future purchases after that one but see if maybe you can work to stabilize these first ? You just lose so much between closing costs.. I know that vacant properties suck but I know that there are quality PM's in Indy that can fill these. I know its easier said than done but try to hang in there but maybe work to stabilize rather than sell?

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