1 You're curious about what you can sell your Michigan multifamily property for in this market. 2 You're just worn out with owning apartments and maybe have been through the ringer with your multifamily property over the years and would love to see if there's a way you can eliminate having to deal with repairs, tenants, toilets, and evictions. My name is Ryan Tower, and I'm the co-founder of IT Investments, a Michigan based real estate investing company.
Over the years our main focus has been single-family homes and the occasional multifamily property here in the Southeast Michigan and Jacksonville Florida markets. But lately we've teamed up with some VERY heavy hitters in the multifamily arena, so we're looking to expand our focus and acquire multifamily property throughout the state of Michigan.
The goal is to add over 3,000 multifamily units to our portfolio by the end of fiscal year 2022. We've been connecting with multifamily owners throughout Michigan this past year and have met all kinds of investors.
Over the years our main focus has been single-family homes and the occasional multifamily property here in the Southeast Michigan and Jacksonville Florida markets. But lately we've teamed up with some VERY heavy hitters in the multifamily arena, so we're looking to expand our focus and acquire multifamily property throughout the state of Michigan.
The goal is to add over 3,000 multifamily units to our portfolio by the end of fiscal year 2022. We've been connecting with multifamily owners throughout Michigan this past year and have met all kinds of investors.
Services
IT Investments, is a private real estate investment firm that buys Apartment Communities throughout Michigan, regardless of the neighborhood, regardless of the condition, regardless of the price range.
We have recently aligned ourselves with a MAJOR Player in the U.S. Apartment and Multifamily arena, which gives us INCREDIBLE Buying Power.
With decades of experience, our Acquisition Team is among the best in the region, and they've built their reputation by focusing on the needs of our Sellers and not on the property itself.
We have recently aligned ourselves with a MAJOR Player in the U.S. Apartment and Multifamily arena, which gives us INCREDIBLE Buying Power.
With decades of experience, our Acquisition Team is among the best in the region, and they've built their reputation by focusing on the needs of our Sellers and not on the property itself.
If you own an apartment building or multifamily property anywhere in Southeast Michigan and are ready to see if it makes sense to sell it.
From there we'll work with you to find a fair market value of your property based on it's current income (or future income potential if repairs or upgrades are needed that can help increase the rental value).
Last, we'll make an offer.
Our offers are usually full-price (or sometimes slightly above "full market value") because we value time as much as we value money.
From there we'll work with you to find a fair market value of your property based on it's current income (or future income potential if repairs or upgrades are needed that can help increase the rental value).
Last, we'll make an offer.
Our offers are usually full-price (or sometimes slightly above "full market value") because we value time as much as we value money.
So, how can you sell your Michigan apartment building while at the same time deferring your capital gains tax bill for future years (when hopefully your taxable income is lower and decreases your overall capital gains owed on the sale)?
NOTE: This is NOT tax or legal advice.
Take the information on this website as educational only.
Consult with your financial and tax advisors for help determining the tax strategy you should employ with your sale.
If You Sell To A Cash Or Bank Financed Buyer - If you've owned the property for over 12 months, you'll be taxed at the capital gains tax rate (state and federal) on the profits all in the tax year of the sale.
NOTE: This is NOT tax or legal advice.
Take the information on this website as educational only.
Consult with your financial and tax advisors for help determining the tax strategy you should employ with your sale.
If You Sell To A Cash Or Bank Financed Buyer - If you've owned the property for over 12 months, you'll be taxed at the capital gains tax rate (state and federal) on the profits all in the tax year of the sale.
If you want to sell and find the prospect of deferring your capital gains taxes, getting a full (or over) market value offer, and getting rid of the aches and pains of being a "landlord" attractive.
In fact, we'll look at your property and get the basic details from you (like rent rolls, income statements for the property, etc.).
From there, we'll draw up the terms and turn things over to a reputable 3rd party title company here in Michigan to handle paperwork.
In fact, we'll look at your property and get the basic details from you (like rent rolls, income statements for the property, etc.).
From there, we'll draw up the terms and turn things over to a reputable 3rd party title company here in Michigan to handle paperwork.
Q: Do you pay fair prices for properties?
A: Because of the way we buy our properties, we actually are able to pay very fair prices.
In fact, we usually offer full market value (sometimes above, depending on the terms) because we put a lot of value in flexibility over price.
Q: What if I have a property that's larger than a four-plex?
Are you still interested in buying it?
A: ABSOLUTELY! We'll take a look at ANY apartment or multifamily property throughout Michigan even if it's 400-units.
If we can't buy it on our own, we'll bring in one of our Joint Venture partners to go in with us.
A: Because of the way we buy our properties, we actually are able to pay very fair prices.
In fact, we usually offer full market value (sometimes above, depending on the terms) because we put a lot of value in flexibility over price.
Q: What if I have a property that's larger than a four-plex?
Are you still interested in buying it?
A: ABSOLUTELY! We'll take a look at ANY apartment or multifamily property throughout Michigan even if it's 400-units.
If we can't buy it on our own, we'll bring in one of our Joint Venture partners to go in with us.
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