Frequently Asked Questions
If you would like to sell your apartment or multi-family property, you are likely to have some questions about how it all works! We have put together some of our most common questions below. If your question isn’t answered here, please send us a message or give our office a call! (914) 469-7388
Q: Are you really buying my property directly, or are you listing it on the MLS?
A: We are investors, not agents. We are not flippers or selling in order to earn a commission. We are direct buyers who want to hold your property long-term.
Q: Are the prices you pay for Fairfield County, New Haven County, and Westchester County multi-family properties fair?
A: Always. Sometimes we even pay above market value. Because of how we structure our terms, we are able to pay you fair market value, in exchange for time. We will make a down payment, and pay you monthly installments until the property is paid off. With interest.
Q: How is your offer price determined?
A: We will always keep things very simple and transparent. We look at the past income generated from the property, and factor in the potential income potential. We look at what comparable properties are selling for and how much of an investment we would need to make for repairs and deferred maintenance. That’s it. Please expect to provide us with some information about your property initially so we can begin our offer. Rental history, vacancy rate, income statement, maintenance costs, etc.
Q: How are Capital Gains Taxes Deferred?
A: We pay you fair market value, however, we do it over the course of many years. Save on Capital Gains tax by selling over time instead of paying up to 40% for a cash sale! Please be sure to check with your CPA as well.
Q: Will you charge me a commission or fees on the sale?
A: Never. There are never any fees or commissions to work with us. We want to make you an offer, plain and simple. There are no commissions, hidden costs or charges. We are investors who wish to buy and hold your property… not agents who are seeking a commission.
Q: If I have a property that’s larger than a four-plex, will you still consider making me an offer?
A: Simply put… yes! We actually look to primarily buy larger apartment buildings. For the right property, we will gladly gather more information from you and discuss a potential offer!.