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All Forum Posts by: Jacob Barron

Jacob Barron has started 1 posts and replied 1 times.

Multi-Family and Apartment Investing

Post: Multi fam, HOA, and an investor.

Jacob BarronPosted
  • Oak Harbor, WA
  • Posts 1
  • Votes 0

Hi every one, I have recently (with in 3months) bought a 4-unit condominium in a HOA area. Last month an investor moved in and bought all of the buildings in the HOA except for mine. Him and I have had several discussions starting with, he was not going to push me and that we can work together. Now the conversation is much more aggressive and he is actively trying to buy my building.

He has offered me full price and has said that he will pay closing fees and all other fees. Plus he is offering a few extra incentives.

Since it is just me and I don’t have the reserves to keep up with him. Should I cut my losses and simply walk away from this property free and clear.

0 Votes