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Julie Fugate
"Professional Services....Extraordinary Results."
- 4 Helpful Answers
- 15 Answers
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Specialties:
Premiere Property Group, LLC. provides a full suite of Real Estate services including Residential Real Estate buying and selling, Property Management,
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Certifications
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& Awards:
Diamond Member of the Portland Metro Association of Realtors Million Dollar Club
About:
Real Estate * Property Management * Real Estate Investments
Julie Fugate answered:
Aussie,
Investor buyers, as you probably know, look at numbers when buying - and yes, there are plenty of them out there right now buying property. The key for your sale is your numbers: cap rate, gross rent multiplier and cash on cash return. These are key ingredients. Gather your expenses for the last 12 months, detail them out and take a hard look at the numbers. If the numbers work, your property will sell, if not, it will sit. Keep in mind that price is a factor in all those numbers.
If you decide to sell, hire a Realtor who works with investment and multi-family property - just because someone sells lots of houses doesn't make them qualified to sell investment property - it's a different animal. Also, be sure to check with your CPA about cashing out your property versus doing a 1031 exchange on it. The time you've owned it will factor in because of how much depreciation you've taken on it.
Julie Fugate
Principal Broker, Premiere Property Group, LLC
Keller Williams Realty
(503) 522-1900
Investor buyers, as you probably know, look at numbers when buying - and yes, there are plenty of them out there right now buying property. The key for your sale is your numbers: cap rate, gross rent multiplier and cash on cash return. These are key ingredients. Gather your expenses for the last 12 months, detail them out and take a hard look at the numbers. If the numbers work, your property will sell, if not, it will sit. Keep in mind that price is a factor in all those numbers.
If you decide to sell, hire a Realtor who works with investment and multi-family property - just because someone sells lots of houses doesn't make them qualified to sell investment property - it's a different animal. Also, be sure to check with your CPA about cashing out your property versus doing a 1031 exchange on it. The time you've owned it will factor in because of how much depreciation you've taken on it.
Julie Fugate
Principal Broker, Premiere Property Group, LLC
Keller Williams Realty
(503) 522-1900
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