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All Forum Posts by: Mayer M.

Mayer M. has started 100 posts and replied 795 times.

Post: Selling block of properties

Mayer M.Posted
  • Investor
  • Cherry Hill, NJ
  • Posts 860
  • Votes 320

Thanks Anthony!

In your opinion would it matter if an investor can buy an individual Unit in the complex for cheaper? Units are currently scarce in this complex and sell individually in the $80,000 -$100,000 range Or will the buyer be purely looking at the NOI? Obviously this purchase is a buy-and-hold

Post: Selling block of properties

Mayer M.Posted
  • Investor
  • Cherry Hill, NJ
  • Posts 860
  • Votes 320
Originally posted by @Jay Hinrichs:

@Anthony Dooley  do you think he should as each tenant leaves set them up and sell them retail.

this is a pretty wide question and unless we know retail / VS  rental  values..  its impossible to really answer

I do know clients of mine that are selling in blocks like this usually take a pretty heavy discount.. as the buyer pool is significantly shrunk.. and its all about cap rate or rate of return then a discount for that.

Its not like trying to selling an apartment complex... I think that is one thing that folks that stack up rentals SFR's don't realize until they try to sell..

One of my clients has a 60 prop deal going now.. and it started in Aug... and its been major work compared to selling a MF deal..   just saying..

Post: Selling block of properties

Mayer M.Posted
  • Investor
  • Cherry Hill, NJ
  • Posts 860
  • Votes 320

Hi James,

I have acquired these properties over the past two years and all are in great shape and for the most part renovated. I am in no rush to sell. Just thought if I get the right price why not?

Post: Selling block of properties

Mayer M.Posted
  • Investor
  • Cherry Hill, NJ
  • Posts 860
  • Votes 320

Thanks Anthony!

In your opinion would it matter if an investor can buy an individual Unit in the complex for cheaper? Units are currently scarce in this complex and sell individually in the $80,000 -$100,000 range Or will the buyer be purely looking at the NOI? Obviously this purchase is a buy-and-hold

Post: Selling block of properties

Mayer M.Posted
  • Investor
  • Cherry Hill, NJ
  • Posts 860
  • Votes 320

Hi BP peeps! 

Looking for some advice. I am exploring selling a group of 25 rental properties conveniently located in a single well maintained condo complex comprised of a total of 200 units in South Jersey. All units are 2bd/1bth and 2br, 2bth and in great shape. The NOI is approximately $232k. What do you thing about trying to sell this group of properties privately? What should I try to get for it?

Thanks!