Problem Investment? Investment Expert Sells in 14 Days at 97.5% of Asking Price

by Tim Herriage

Problem Investment? Investment Expert Sells in 14 Days at 97.5% of Asking Price

by Tim Herriage

by Tim Herriage

Selling a Disjointed Portfolio for More Than The Sum of the Parts  – In 2007 an investor who understood his California dollars went further with Texas income real estate, built a small portfolio investing in duplexes in the City of Arlington, near Dallas/Ft Worth.
house-in-handIn 2016 these generated solid positive cash flow but now the investor wanted to move into a larger opportunity. The problem was the investor owned two duplexes outright and three halves of three other duplexes. Each unit or half duplex was titled separately. Explaining this arrangement to the average investor buyer created more questions than answers. The investor’s insurance agent knew of his customers plight and need to sell and shared this with Terry Beck, a Realtor at Investable Realty.
Investment Expert Insight!
Beck looked at this and his first question turned out to be the answer. “Have you talked to any of the other half duplex unit owners? What is their interest in expanding their rentals?” Beck (and the Investable Realty team) had a buyer who would buy the two duplexes but not the duplex halves.
Unsurprisingly when approached all of the other half unit owners responded. They were interested in any changes that could effect their half of the duplex. One of the three responded more positively by saying they specialized in Arlington duplexes and were interested in buying more and was prepared to buy every duplex on offer. This new offer was better, more convenient and faster to close than the offer to buy the two whole duplexes.
14 Days to Close at 97.5% of Asking Price
The rest is predictable, as Beck packaged the deal for the investor buyer, the parties agreed and the seller moved to the next opportunity quickly and profitably. The transaction closed at 97.3% of the $700K asking price and closed in 14 days after Beck go involved.
If you are frustrated with the time it is taking to find and buy, or sell investment properties, especially complex deals needing an innovative investment sales expert, call Investable Realty as Terry and the team may have a solution for you. Go here…..
 
 

Leave a Reply

Top