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Updated almost 6 years ago,
Selling 4 unit cash flow for too little?
Ok here’s a question.
I own a four unit building bringing in 2700/ month.
My expenses including vacancy/ maintenance are 1700/monthly, so it cash flows $1000 a month.
I’ve got a guy offering to by the property for 145k, and verbally I’ve already accepted. I’d only net 25k from the sell because of the financing I have on the property. I don’t really see another property where 25k makes $1000/month, and there are other reasons I want to get rid of this building. But my goal is more cash flow and this property is a good cash flow property for me. What should I do?