Real Estate Investment - Apartments

West Coast Business Brokers has another service to provide.  In the past, our service was mainly to buyers and sellers of businesses.  Now, we also offer services to buyers and sellers of small apartment complexes.  We specialize in 2 to 20 units. 

Five reasons to invest in a small apartment complex:  

  1. Good demand for product—there is always a demand for rental units
  2. Passive management—an owner can be actively involved in management or hire a property manager
  3. Appreciation—real estate has an historical record of appreciation.  With lower prices, now is a good time to buy
  4. Tax benefits—depreciation is an expense that can be used to offset income.  Gains when sold can be tax deferred  
  5. Most properties bought at the right price and efficiently managed can provide year over year cash flow of 5% and more  

Five keys to buying “right”:  

  1. Good location—close to employment, shopping, and public transportation
  2. Good rental history—reflects stable tenancy and stable income
  3. Good maintenance record—will not require high initial expenses; well maintained properties obtain higher rents
  4. Tenant appeal—good design, location, adequate parking; these features will draw tenants to want to live in the property  
  5. Buy at the right price—knowing a value based on market rents, sale comparables, unit comparisons will help understand the value of a property.  It will assist in negotiating the “right” price.  Buying “right” makes it easier to sell “right

Five reasons to use West Coast Business Brokers to buy or sell your apartment property:

  1. Market knowledge of Portland real estate at the macro and micro level
  2. Many years experience transacting and negotiating business and real estate transactions  
  3. Valuation specialists.  Mike Wismer, a West Coast Business Broker, is also a licensed Certified General Appraiser specializing in the valuation of residential income properties (20 years appraisal experience)  
  4. Market exposure through multiple listing service and internet web site  
  5. Outstanding customer service  

To obtain an analysis of the best price to list your property or to look at the current inventory of available apartments to buy, contact Mike Wismer at 503-969-7517 or email to mlwismer@gmail.com.


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