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Updated almost 6 years ago on . Most recent reply
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Best way to sell a Kansas City real estate portfolio?
I have 7 single family rental properties in Kansas City, MO. I'm considering selling them, but I'm not sure how to go about it since they all have tenants.
Does it make sense to wait until each tenant moves out and sell them one by one with a realtor? Would it make more sense to try to sell them to investors either one by one or all together? I would guess they are worth about $110k each on average if that matters for the best strategy to sell.
Also, what's the best strategy for finding a good realtor in the Kansas City market?
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In general I'd say those are more of investor zip codes then owner occupant zip codes. You could sell the whole portfolio together with the tenants or you could sell them off one by one. Owner occupants are going to want house all fixed up and delivered vacant so probably just want to sell to investors. At least, that is what I would do, plus you can get them sold in one transaction!