If the rental property continues to be a source of significant financial or emotional stress, selling or refinancing the property might be viable options. Selling the property allows you to offload the burden and potentially recoup some of your investment. On the other hand, refinancing can help you access better loan terms or lower interest rates, reducing the financial strain associated with the property. Consulting with a real estate agent or a financial advisor can provide valuable insights into whether selling or refinancing is the right choice based on your circumstances. However, this comes with expensive agent fees, prep costs, and no guarantee on how long the property will remain on the market. Additionally, you’ll have to pay for utilities and monthly upkeep. An alternative option is selling the property yourself, which can save you commissions but is not always successful – only 11 percent of FSBO listings sell, and usually for 25 percent less than agent listings. Deciding what to do about the headaches can take time and effort.
So what is an investor to do? If you are more than ready for the hassles to end, read on as we explore three things you can do with a bad rental property in Massachusetts.
Bad Location
It may be difficult to find success with your rental property if it is in a bad location, regardless of its appeal. Whether you failed to do your research or the neighborhood has taken a turn for the worse, a location with high crime rates, poor school systems, and a lack of nearby amenities can make it especially hard to attract good tenants. For a hassle-free and money-saving alternative, why not consider a direct sale to a professional buyer like those at Deal Edge Properties? They can guarantee a closing in a few days, freeing you from your investment and allowing you to enjoy life with no more worries.
Bad Investment
If you find that the property you’re looking to invest in is in need of a great deal of rehabilitation, a direct sale to the professional buyers at Deal Edge Properties may be the best solution. At Deal Edge Properties, we understand how important transparency is when making this kind of decision, and as such, we provide you with the details of the costs and profits of a conventional listing versus our direct offer. We are committed to ensuring you feel good about working with us long after the closing. Our team of local professional buyers in Massachusetts also values our community and helping people like you solve their problems.
Deal Edge Properties
Selling a bad rental property in Massachusetts can be a very challenging task, especially if the property is in disrepair or has fallen into disrepair due to neglect or misuse. Fortunately, there are options available to help Massachusetts landlords or property owners sell their bad rental property and get a good return on their investment.
Since you’re selling a property with known issues, you may find investor buyers who are specifically interested in properties with renovation potential or looking to add to their rental portfolio. These buyers may be more inclined to take on a property that needs significant work.
The easiest thing you can do with a bad rental property in Massachusetts is to sell directly to professional buyers at Deal Edge Properties. At Deal Edge Properties, our professional buyers have optimized efficiency and lowered costs with a full-service in-house team of industry specialists to handle everything, saving you even more money and time. Let the professional buyers at Deal Edge Properties help you locate your next investment so that you can take advantage of the tax benefits of a 1031 exchange. Ask your professional buyer from Deal Edge Properties about our current inventory of the best investment properties available in Massachusetts. In addition, the team at Deal Edge Properties includes property management pros who can help you with everything from cleanouts to tenant placement or on-site management and protect the remainder of your holdings from becoming bad rental properties in Massachusetts. Call Deal Edge Properties at (978) 274-0555.