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Updated over 2 years ago on . Most recent reply

Koddie Schumaker's profile image
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Koddie Schumaker
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Koddie Schumaker
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Koddie Schumaker
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Market Trends & Data

Who and why are people selling rentals right now?

Koddie Schumaker
Posted

What are the scenarios that someone would sell a multi-family rental unit right now in the current market?

Kansas City, Missouri
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John Williams's profile image
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John Williams
  • Property Manager
  • from Clarksville, TN
  • Member since Apr 23, 2018
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John Williams
  • Property Manager
  • from Clarksville, TN
  • Member since Apr 23, 2018
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John Williams
  • Property Manager
  • Clarksville, TN
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John Williams
  • Property Manager
  • Clarksville, TN
Replied

Just spit balling here...

-Move money to stocks - relatively cheap now

-Financing balloon (they either need a new loan or have to sell - and a new loan may not be practical)

-Upgrade - perhaps they've gained some equity recently and they want to redeploy that capital to a larger building and take advantage of the economies of scale

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