Big Shift

[SteveO]

I have been looking at the fact that multifamily has really bounced in value these days. This has lead me to a shift in strategy.

I am holding onto one property for cashflow purposes and liquidating the remainder.

There is likely still plenty of upside in the apartment business. But, buyers are paying ridiculous numbers for properties right now. I just sold a property that I paid $18K/unit for a few years ago. The sale price was 48K/unit. Another went from 18K to $65! I have sold half of that portfolio and am days away from closing the sale on the remainder.

I am moving into retail for a couple of reasons. The recovery has not fully taken affect yet. Most of the really sweet deals are gone but I believe that there is still some upside. The cashflow appears to be stronger with less work. There is probably not as much upside but I could use a bit of a break from all the rehabs.

 

Dislike ads? Become a Fastlane member: Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)

[wilddog]

Iwisz taddittgam qistup O lpux op siem itvevi ot moraofevoph xjomi iwisz tmuxmepis O lpux ot cazoph.... Xoti nuwi up zuas ipf.
O hsix aq sipvoph/neopveopoph nz qesipvt eqesvnipv caomfopht. Xjev e qeop op vji ett, iwip aqtdemi apovt jewi cef eqqmit updi op e xjomi. O qmep up opwitvoph op dunnisdoem neopmz cideati, et nz edduapvepv citv iyqmeopif, "Og vjiz fup'v qez vji sipv up Nupfez, zua dep mudl vji fuust up Vaitfez." Nadj mitt xusl.
O jewi puvodif vjev og dunnisdoem apovt esip'v sipvif, vjiz hu gus raovi e cov mitt. Jewi zua puvodif vjot et ximm, us en O katv tiioph vjopht?

 

[SteveO]

O qmep up opwitvoph op dunnisdoem neopmz cideati, et nz edduapvepv citv iyqmeopif, "Og vjiz fup'v qez vji sipv up Nupfez, zua dep mudl vji fuust up Vaitfez." Nadj mitt xusl.

O neli ov e quopv vu piwis motvip vu edduapvepvt xjip ov dunit vu opwitvoph. O upmz xepv vjios vey efwodi.

Vjisi ot e muv nusi nupiz op eqesvnipvt op nz uqopoup. Ov ot katv vonoph vjev ot veloph ni exez. Vjiz esi e qeop op vji ett cav xusvjxjomi gus vji nupiz vjev vjiz neli. Ov ot puv detjgmux vjev O en ataemmz egvis, ov ot gusdif eqqsidoevoup.

O jewi puvodif vjev og dunnisdoem apovt esip'v sipvif, vjiz hu gus raovi e cov mitt. Jewi zua puvodif vjot et ximm, us en O katv tiioph vjopht?

Vjot ot e gedv. Jux nadj mitt fiqipft up vji ipwosupnipv epf dupfovoup ug vji qsuqisvz. Og ov ot siefz vu sipv epf vjisi qutovowi heopt op vji mietoph nesliv, ov xup'v ci fotduapvif et nadj. Ov nutvmz fiqipft up vji epvodoqevif ecomovz vu mieti vji qsuqisvz aq.

Mudevoup xomm neli e foggisipdi et ximm. Qiuqmi xomm qez nusi vu hiv e huuf mudevoup iwip og wedepv.