Why would an apartment building owner want to get rid of a cash flow property?
After 15 years the property doesn’t offer any tax benefits and they suddenly get killed in taxes. Many apartment building owners want to ditch their properties at this point and either use the proceeds to buy another property or just get out of the business altogether. Another reason someone may want to get rid of a cash flow property is because of mismanagement, they are tired of the business, or they inherited the property (or acquired the property in a divorce) and just want to get rid of it.
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