We Pay Cash For Multi-Family Properties
Financial or Logistical Pressures That Prompt Multi-Family Owners to Sell Quickly
Since every situation is different, that means there are endless factors that could prompt a multi-family property owner to want to sell quickly. We’ll cover a few of the big ones.
Non-paying tenants that you need to or cannot evict are a big reason people sell. It just becomes too much. Then, these properties are always landlord-type situations, which means there’s a lot of potential for what’s known as deferred maintenance. That’s when the tenants take really poor care of the property, and it’s left to the landlord, who may or may not have the capital or time to do so.
It’s not uncommon for us to come into contact with people who have accumulated too much stress over the years and can no longer cope with it. Either it’s too physically demanding, or you just get tired of it. We get it. Six years into the business, maybe you’re tired of dropping everything to go look at a burst pipe. The self-management is a lot, and selling quickly is an easy way to relieve a lot of your problems.
How We Analyze Cap Rate, Cash Flow, and Expense Structures
We have a thorough underwriting process, and we compare the cap rate and cash flow yield to general market conditions. We also compare to other comparable properties and underwrite the deal based on comparable data.
