Sold rental units, banks paid off

[Arlan Potter]

We closed on the sale of 30 units this week. A 24 unit complex and 6 SFR's.

Couldn’t be happier. The units needed  quite a bit of work, class C- or some might say D.  

Easy to rent because poor people need a place to live. But the revolving doors just were not worth it any more. The sale proceeds cleared all our bank debts. And we still have a sizable “paid for” portfolio.  

We will now get back to potential flips, and new construction.