Is It A Good Time To SELL Your Multi-Family Properties?

2 years ago

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It’s a very interesting time in the multi-family space today and if you’re looking to flip and sell your current deals, you may want to think twice about it! There are plenty of moving parts to consider when it comes to getting out of multi-family properties and you want to make sure you’re making the best decisions for your investments.

Watch this video to better understand what it means to sell a multi-family property in today’s market, how inflation is affecting multi-family properties, and what you should do if you’re thinking of selling!

Key Talking Points of the Episode

[00:00] Introduction
[00:28] What is going on in the multi-family space today?
[01:17] Is it smart to get out of multi-family deals now?
[02:05] How can you take advantage of the rising interest rates?
[02:54] Multi-Family Investing Academy

Quotables

“First off, what we’re seeing is that people who are getting into deals now have to get into the deals for a longer term.”

“If you’re looking to get into a deal for a 3-5 year term in today’s market, that’s scary.”

“So if you’re looking to raise private money and bring in other investors, you wanna sell and pitch your deal to be a 7-10 year hold.”

“These investors, they’re savvy. They don’t want their money back in 3 years in an inflationary period where they now have to take that money and go out and buy something else, to reinvest it in something else at these inflated prices.”

“If you own a property right now and you’re looking to get out of it, you might wanna wait.”

“A lot of these loans have huge pre-payment penalties that require a whole formula that takes into consideration the stock market.”

“You might be better off staying with that low-interest rate loan that you picked up two years ago and riding this wave or finding a buyer who will assume the existing mortgage and let you get out of it that way.”

“You can go find a buyer who is going to assume your existing mortgage at 3% and that guy thinks he hit a home run.”

“There are so many things you gotta take into consideration before you flip and sell. It’s a weird time right now with what’s going on with the interest rates.”

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