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#181677 - 11/15/07 01:57 PM Raleigh rentals...What to do?
Oli Offline
Member

Registered: 11/01/07
Posts: 297
Loc: North Carolina
I have a client that I have helped in the purchase of a couple investment properties. This client currently owns 10 properties that bring in about $65,000.00 per year in income, taxes per year run about $5600.00. My client asked me the other day if I know of an investor that might want to buy all of these properties, although he does not want to list them in the mls. He is asking about $650,000.00 for the whole package.

I guess my question would be, How do I find an investor that might be looking for something such as this without listing these properties? Is this normal? I have no experience with this type of transaction. Any suggestions how to proceed?
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There are no shortcuts to any place worth going. (Beverley Sills)

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#182630 - 11/20/07 09:13 PM Re: Raleigh rentals...What to do? [Re: Oli]
Merkaba Offline
Veteran Member

Registered: 03/20/07
Posts: 1090
Loc: South Carolina
"pocket listing". i would say its normal to some degree. I would still get him signed up if you havent. And just get him to check(if you have it on your contracts) the no internet, and/or no mls., or add it on the contract. Here we have to contact the mls to let them know the seller doesnt want it on there so that other agents don't complain. I'm sure its the same up there.

how do you find buyers...??? lol...you mean you can't sell without the mls? Do it the old fashion way and SELL it. Send me the particulars and I'll have a look around here. If you can send me some customer level printouts by fax let me know. I sent you a PM.

This is how you sell these types of properties. networking!


Edited by Merkaba (11/20/07 09:15 PM)
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Realtor Extraordinaire, ABR, E-Pro

Keller Williams Realty
Upstate South Carolina

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