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Updated almost 8 years ago on . Most recent reply
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What's the best way to sell a small package of rentals?
I have a handful of rental properties in some of the nicer neighborhoods in Kansas City - Waldo, Belton, the northeast side of Raytown, etc.
I'm considering selling two of three of them, and wondered if anybody had some advice on whether or not there is a good market for other investors, perhaps from outside of KC, to purchase them at a price that would be attractive to me, but still priced below what I would sell them on the MLS.
I'm not in a distressed situation, but would like to take advantage of the hot market - ideally without having to kick my tenants out.
Has anybody sold to out-of-state investors? Or am I better off booting the tenants and just listing on the MLS?
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- Residential Real Estate Investor
- Kansas City, MO
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In those areas, if it's just a couple, I would sell them individually. If there are a bunch (over 5) maybe sell them as a group or at least offer them as a group and also off them individually. By the way, those are my areas, so if you have prices and addresses, please PM me.