Are you an multifamily property owner who’s ready for a change but overwhelmed at the prospect of selling? If you are looking for a hassle-free, easy transaction with someone who will steward your property like you have.
Here is our commitment to you:
We will deal fairly with you
We are rooted in integrity
We are run by a hard-working, family man
We can see the value in your property without costly renovations and repairs
You don't have to deal with the headache of no shows, inspections, appraisals, etc
We understand that interviewing brokers, addressing deferred maintenance, navigating showings with tenants, buyer inspections, negotiations, the entire process can take months.
We help you unlock your equity quickly and smoothly with an experienced buyer who can see the value of your property without investing in major repairs and renovations. Start enjoying the freedom you deserve!
Showing and selling an apartment community is NOT EASY.
Here are all the hassles you will avoid by selling to Asset Stream:
Choosing A Broker/Agent takes a lot of time! Interviewing them, they all give different opinions of value, they will tell you want you want to hear, etc
Getting the property in showing condition is difficult, costly and takes a lot of time. If you over improve it, you don’t get a return on your money or time. If you under-improve it, you don’t attract the right buyers.
Buyers walking every unit.This is an incredible pain to coordinate with tenants and management - multiple showings, and tenant disturbances just to try to get an offer.
Inspections and appraisals. Once you do get an offer, the buyer will send in an inspector and appraiser who will need to get into all the units again, and will discover all the things that need to be fixed, and will often want to re-negotiate the price.
Bank Negotiations and last-minute Changes Banks can pull the plug on loans from un-experienced buyers and ruin the deal at any time, causing the seller to have to start the process all over again.
Extended Sales Timeline The entire process, if it goes perfectly will take 60-90 days from the time you get a contract. Realistically it could be a 6-12 month ordeal from the time you start planning to sell from the time you start talking to brokers to the time it closes.
Asset Stream buys apartment communities of all sizes in Phoenix, AZ and surrounding markets.
Central Phoenix Corridor
North Phoenix
South Mountain Corridor
The East Valley
Apache Junction, AZ
Mesa, AZ
Gilbert, AZ
Chandler, AZ
The West Valley
Glendale, AZ
Buckeye, AZ
Surprise, AZ
Peoria, AZ
Goodyear, AZ
Anthem, AZ
Scottsdale, AZ
In addition to the smoothest, easiest sales process you’ve ever experienced, our commitments are:
Act as a mission-driven organization providing affordable housing opportunities to good families.
Providing professional, high-quality management, and an exceptional tenant experience
Maintaining and improving the property over time.
As an investor with Asset Stream Properties, I am never worried at any point and can trust that my investment is being well taken care of. Pete always does what he says he is going to do and keeps people informed.
I have known Pete for years and have seen that he is always on top of things. In the first year of my investment, it is already producing strong returns and the value of the property has gone up significantly. Pete is cautious and analyzes deals with care - he has a gift for seeing what a property could be with small upgrades that make the property significantly more cashflow positive.
What I have appreciated about this journey is that Pete is an expert in what he does, but I always feel like a part of the decision making process without having to be hands on.
Michael Burke
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Appreciate That Appreciation
Written by Pete Schnepp
All markets fluctuate based on external factors such as supply and demand. Your gold is worth one sum now, but in a few months might be worth much less or much more. It’s a little tricky to anticipate and keep track of where that value is going.
The real estate market comes in cycles, too. A key factor in real estate as an investment, however, is that real estate tends towards gaining value, or appreciating, over time. The supply of property doesn’t really change too much, but the demand keeps growing because people always need a roof over their heads.
The thing about this kind of market is that it ebbs and flows like tides. Sometimes, the appreciation that takes place is strong and fast, and other times, it’s gentler and slower. You have to have the ability to be patient.
An option that’s going to be a good, safe idea in the long run would involve buying property and waiting to resell or refinance it. The value will come, it just takes time. You might be able to sell your property at 200% of the price you bought it for, but that kind of thing is typically going to take some years to get in motion.
That’s alright! As long as you have that property, you can be making money through the numerous other profit centers of real estate, like cash flow. The trick with appreciation is that you need to be patient, and good things will come to you.
Another awesome factor in this is that, when you buy a property, you generally finance it through a bank, which can cover 75-90% of the cost of the real estate. So, when you buy a property worth 400,000, you might only put down 100,000 for the down payment (and closing costs, etc.) with the bank covering the rest. Let’s say that that property then appreciates by 10%. It gains 40,000 in value- that’s a 10% return on the total previous value of the property.
But it’s a 40% return on the 100,000 you put in. Nifty, yeah? Leverage and appreciation work together in wonderful ways.
But you’ll need to get started if you want to see the full effects. Since these things have such a timeframe, starting as soon as possible is key to watching your net worth grow and grow.
Real estate is a fantastic investment for the short and the long term. You can make money every step of the way. You just need to get started!