Are you curious about how to successfully sell a property in a challenging market? In this episode of the Real Estate Investor Podcast, host Gary Lipsky of Break of Day Capital delves into the complexities and strategic decisions involved in selling a real estate deal amidst fluctuating interest rates and economic uncertainty. Gary shares his experience of opting to sell a student housing property in Tucson instead of refinancing it, detailing the meticulous process from initial consideration to closing the deal. Tune in to learn how investor feedback, market conditions, and thorough due diligence play crucial roles in making successful real estate transactions. Let’s dive into the ins and outs of selling a deal in today's market!

Key Points From This Episode:

• Current market challenges and the impact of interest rates on property values.
• The importance of investor feedback in decision-making.
• How they chose what they believed was the best option out there.
• A shoutout to everyone who helped make this deal possible.
• Background on the student housing property in Tucson at the heart of this deal.
• How to conduct extensive due diligence, including property tours and navigating city permits.
• Value-add strategies: Leasing adjustments, dividing units, and utility billing.
• Rebranding to attract the desired tenant demographic.
• Installing solar panels and its financial implications.
• Ongoing operational challenges like occupancy fluctuations and maintenance.
• The outcome: a successful sale providing solid returns for investors.

Links Mentioned in Today’s Episode:

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn