Home Selling Challenges

Investment Property

Investment Property Liquidation: Owning investment property can be an extremely profitable venture if the property is managed properly. The challenge is that most investment property ownership is a part-time project for owners who have full-time jobs. Many absentee owners don't have the time to manage investment property and often end up with poor returns. If you add the challenge of poor tenants (or no tenants), below market rents, legal fees, and excessive management or maintenance fees, then the investment property heads into a negative spiral and loses even more of its value…and generates an even smaller or even negative return. We’ve spent twenty-five years developing and refining our Investor's Advantage Program™ that allows Phoenix to be the buyer of choice for investor owners who decide to sell a poorly-performing income property so they can move their money into a more manageable and profitable investment. If you are an investment property owner, we can provide you with an all cash, as-is, no fees offer professionally tailored to your needs. We can take over existing tenants, coordinate our purchase to work with your §1031 exchange, and assume responsibility for outstanding issues such as deferred maintenance.

Bad Renters: Bad tenants can quickly turn a good property investment into a losing proposition. Having a tenant who does not pay rent or who violates the terms of the lease is just the tip of the iceberg. A bad tenant can very quickly cause extensive physical damage, cost an owner thousands of dollars in legal fees, bring in all sorts of undesirable pets and other occupants into the home, and make it very difficult to show the home to a prospective buyer, let alone sell it. We’ve developed our Investor's Advantage Program™ to help resolve these roadblocks and make selling an investment home straightforward. We’ll provide you with an all-cash, as-is, no-fees offer and we’ll assume the lease (and the problems) of your difficult tenant and allow you to move on to your next investment.

Vacant Property: We often see investment property that has been sitting vacant for a year or more. It’s common for investment property owners to allow their property to sit vacant while they sort out their options and determine the best course of action. All the while, the grass is growing, the heat is off, the home is a magnet for squatters, becomes harder and harder to sell, and the investor’s overall return drops like a rock. We provide investment property owners a way to avoid this downward spiral. If you own a rental home and you’re considering selling it, we’ll provide you with an as-is, all-cash offer…even before your current tenants move out. We can tailor an offer that closes as soon as you want, and we’ll work with your §1031 exchange if you plan to complete one. If your investment property has already been sitting vacant for a while, our twenty-five years’ experience as renovators allows us to see the true potential in the home without getting distracted by the long grass and the raw, chilly interior.

Multiple Properties: Many experienced investors have accumulated a collection of rental properties over the years. Most often these properties are occupied by long-term tenants paying below market rents and are properties that have had few, if any, updates over the years. The owners often want to sell either the whole portfolio or slowly liquidate one property at a time for tax reasons. The challenge for these investors is finding the funds to bring each of these properties up to financeable and marketable condition while the tenant continues to provide a steady stream of income. If the properties have significant deferred maintenance, the cost of completing needed improvements can be substantial and the logistics of completing the improvements can be difficult with a tenant in place. If an investor plans to sell all the properties together, there are few buyers able to purchase an entire portfolio for cash in as-is condition. If you have a portfolio of income property and you’d like to sell some or all your properties, Phoenix has the experience and capital to purchase any or all of your properties in their as-is condition, vacant or occupied. Our twenty-five years’ experience as buyers and renovators allows us to very quickly prepare an offer for any or all of the assets in your portfolio. We’ll purchase all cash, as-is, and no fees, and we’ll close on the close date you choose.

1031 Exchange: Since one of the benefits of owning investment property is the ability to do a tax-deferred exchange, many owners want to coordinate the sale of their existing income property with the purchase of a "like kind" property. The obvious challenge is finding a buyer who will work with you on the close date to ensure IRS timelines are met. If any part of an exchange fails, the deferral of capital gains taxes will be put in jeopardy, exposing you to substantial tax consequences. Phoenix has successfully worked with hundreds of income property sellers who were completing a §1031 exchange. If you are intending to sell an income property and planning to do so as part of a §1031 exchange, Phoenix is the professional and reliable buyer you’ve been hoping to find.

Out-of-Area Owners: Given that many investment property owners live out of the area, selling an investment property when you live outside of Portland can introduce a whole slew of additional complexities. From preparing the property for resale to simply "keeping an eye on it" while it sits vacant, selling an investment property can be difficult. With Phoenix Redevelopment as your buyer, you can rest assured that our transaction will be smooth, simple, all-cash, as-is, and no fees. We take the headache out of completing the sale of your investment property, even if you’re thousands of miles away!