Time To Sell off Part of My Portfolio
We assisted a seller in selling a three bedroom, one bath and a two bedroom, one bath duplex that had been well maintained and was in good condition. The property was in a nice, quiet cul-de-sac. Each side was fully equipped with newer appliances and included updates like newer paint, floor coverings, vinyl windows, and energy efficient front doors.
In discussions with the owner, we learned that owner had owned this property for a number of years and her CPA had advised that she could sell this property without having a substantial tax consequence.
The seller wanted to sell off parts of her portfolio and begin to transition her portfolio from multifamily and into triple net assets which require less work on the part of the owner.
We were able to negotiate a favorable sale for the owner. She sold this property within 98% of her original asking price and it closed in 50 days.