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Updated over 2 years ago,
Is now still a good time to sell my 45-unit?
With the rise in interest rates, we are seeing price decreases on MF properties, at least here in Ohio.
While we were expecting to sell our 45-unit in Dayton, OH for $3M, we are now looking at a sale price of $2.8M. Obviously, feeling like we're losing out on $200k is not a good feeling. We are cash-flowing very well, so we could hold and wait for the market to turn around so that we can sell for $3M, but it may take years for this to happen, or it may not happen at all. I want to move our equity on to our next project, so I'm still motivated to sell, but I don't want to rush it either.
Is anyone else finding themselves in this situation?
What would you do?