Deciding what to do about the non-stop headaches when dealing with a bad rental property can take time and effort. If you are ready to cut your losses and sell the property, you have probably considered listing with a real estate agent. Besides the high agent fees and prep costs, the trouble with the listing is the open-ended length of time your property could be on the market and the unending holding costs you will be forking over monthly for utilities and upkeep. Or perhaps you have considered selling on your own to save the commissions for yourself. Unfortunately, FSBO listings are not typically successful; only 11 percent sell, usually for around 25 percent less than agent listings.
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 Baltimore.
Bad Location
CR of Maryland LLC is a great option if your rental property is in an undesirable location. They specialize in buying properties as-is and offer competitive offers to sellers. By selling directly to CR of Maryland, you can avoid the hassle of having to market or list your property on multiple platforms and wait for interested buyers. You will also receive a cash offer quickly, which will save you both time and money. In addition, by selling directly to professionals such as those at CR of Maryland LLC, you can be sure that the purchase process will go smoothly with no surprises or delays. Selling direct is often the most efficient way to exit an investment in a bad location, so don’t hesitate to reach out to CR of Maryland LLC today.
Bad Investment
Another problem may be with the property itself. While a deal may look great on paper when you run the numbers, many investors realize too late that the property requires a great deal of rehabilitation to turn a profit. If you happen to find yourself deep in a money pit of constant repairs, a direct sale to a professional buyer like those at CR of Maryland LLC may be your solution. At CR of Maryland LLC, our professional buyers will buy your bad rental property as-is for cash, and you won’t pay any commissions. At CR of Maryland LLC, our policy is total transparency. Hence, we provide you with the details of your costs and profits from a conventional listing vs. our direct offer for your property, which you will agree is fair. We do this at CR of Maryland LLC because we want you to feel good about working with us long after the closing. The local professional buyers and their team at CR of Maryland LLC are your neighbors who live and work here in Baltimore and care about our community and helping people like you solve problems.
CR of Maryland LLC
The easiest thing you can do with a bad rental property in Baltimore is to sell directly to professional buyers at CR of Maryland LLC. At CR of Maryland LLC, 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 CR of Maryland LLC 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 CR of Maryland LLC about our current inventory of the best investment properties available in Baltimore. In addition, the team at CR of Maryland LLC 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 Baltimore. Call CR of Maryland LLC at (443) 391-7080.