All Forum Posts by: Marcus Wallace

Put my house up for rent, and have so far 5 potential tenants telling me that their landlord is taking the house back to sale. Am I missing something? Is it a good idea to sell now for a nice capital gain?

The house's current market price is $680K, and rent is $3300 per month.

Thank you,

 I have a great team in the Cincinnati area. And they do an amazing job at managing as well. But we only sell turnkey if you are interested.

@Marcus WallaceI have had sellers call me about selling due to my direct marketing. What zip codes is he looking at and what price points?   You can direct email me if you want to.

10% Cap Rate in the city of Lafayette on a 23 unit apartment building! Property is assessed at $734,697 based on rents submitted to the assessor. This is a turnkey property. Property has been very well maintained. Only $26,000/unit! On site manager collects rent. Complex consists of 4 separate buildings. 22 1-bed 1-bath units and 1 2-bed 1-bath unit. Composition shingle roof is 9 years old and metal roof is 12 years old. Vacancies consistently filled very quickly. Some long term tenants in place. Call for complete P&L and to schedule your appointment.

     Perhaps you mean he will consider anything under $2M? Sophisticated and experienced investors analyze opportunities very carefully. It has to bring in enough money to make their time and the risk they take make sense.