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Updated 40 minutes ago on . Most recent reply

Jake Andronico's profile image
Jake Andronico's profile image
Jake Andronico
Agent
  • #4 House Hacking Contributor
  • Realtor
  • from Reno, NV
  • Member since Jul 17, 2019
Connect

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Jake Andronico's profile image
Jake Andronico's profile image
Jake Andronico
Agent
  • #4 House Hacking Contributor
  • Realtor
  • from Reno, NV
  • Member since Jul 17, 2019
Connect
Jake Andronico
Agent
#4 House Hacking Contributor
  • Realtor
  • Reno, NV
807
Votes |
1,007
Posts
Multi-Family and Apartment Investing

Multifamily Cash Investors - An amazing time..??

Jake Andronico
Agent
#4 House Hacking Contributor
  • Realtor
  • Reno, NV
Posted
https://www.google.com/search?q=1811+e+long&oq=1811+e&gs_lcrp=EgZjaHJvbWUqBggAEEUYOzIGCAAQRRg7MgYIARBFGDkyBwgCEAAYgAQyBwgDEAAYgAQyBwgEEAAYgAQyBwgFEAAYgAQyBggGEEUYPDIGCAcQRRg80gEHOTQ3ajBqN6gCALACAA&sourceid=chrome&ie=UTF-8

Just closed an off-market 8 plex for a cash 1031 exchange buyer near Reno, NV in Carson City. 

Transactions are extremely slow with stuff that is NOT turnkey and NOT a great deal, which fundamentally makes sense. But, this property was initially listed at $1.6mil and came off the market. 

I tracked it and heard from the property manager they may take $1.3mil, but they didn't even flinch at $1.2mil cash, and we got it done. 

What are you guys seeing in your market? 

  • Jake Andronico
  • 415-233-1796
Reno, Nevada
1 Vote
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