Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

34
Posts
7
Votes
Jimmy Mozingo
  • Investor
  • Eastern Shore of Virginia
7
Votes |
34
Posts

Private investors selling off portfolio

Jimmy Mozingo
  • Investor
  • Eastern Shore of Virginia
Posted

BP investors, I have just been approached by a private investment team looking to liquidate their entire portfolio. A total of 80 units over 4 properties in Central California. They would like to sell as a package deal but would be willing to split up the properties and sell individually. All units are 100 % occupied according to the agent. Individual asking prices total just north of 7 million. Since this is way out of my comfort zone, I’m looking for advice on how to proceed? Next steps? Do I make an offer on the entire portfolio , get it under contract and try to broker a deal to other investors? As a newish investor, I have no clue what I’m doing. All I know, is this feels like my future BP podcast story. This has that once in a lifetime feel to it? Any and all advice, comments, suggestions or guidance would be eternally appreciated. Thank you group!

David and Brandon, I heard you guys! I’m scared to freakin death, but I’m going to go for it! If this works out in my favor, you both will move to the top of my Christmas card list, More to be revealed.

  • Jimmy Mozingo
  • Loading replies...