Here are two great reasons to sell an investment property in this market.
I’ve had a lot of investors ask me lately if now is the right time to sell. The answer is yes for two specific reasons:
1. Cap rates are very low. The cap rate measures how much money a property will produce. The way I calculate it is by taking the net operating income and dividing it by the purchase price.
2. Prices are very high. In the video I’m standing here in front of a 10-unit building that we closed on for $3.85 Million. This property is closing under a five-cap, which is great news for the sellers.
If you have any questions about selling a multifamily or investment property, feel free to give me a call or send me an email. I would love to hear from you.