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Updated 6 days ago on . Most recent reply
Multifamily Cash Investors - An amazing time..??
Jake AndronicoPoster
#4 House Hacking Contributor
Agent
#4 House Hacking Contributor
- Realtor
- Reno, NV
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
Most Popular Reply
Robert Rixer#1 Multi-Family and Apartment Investing Contributor
#1 Multi-Family and Apartment Investing Contributor
- Investor
- Miami, FL
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Robert Rixer#1 Multi-Family and Apartment Investing Contributor
#1 Multi-Family and Apartment Investing Contributor
- Investor
- Miami, FL
Nice play, congrats on the deal. Cash is always going to be king, but the delta is definitely more pronounced in higher interest rate environments.