Yesterday I closed on a deal that I had been working on for a full year. This was a 32 unit apartment building located at 2701 High Street in Oakland California. The owners called me off a marketing flyers we sent out in the summer of 2010. I remember clearly getting the call from Larry and Rebekka who owned the property. Larry is a fire marshal and I immediately set a meeting and met with him and his wife in their San Leandro home. We started the meeting with the most important thing an apartment broker can do, listen to their client. It turned out they had two 32 unit buildings they wanted to 1031 exchange into one larger building. I took detailed notes and got all the information about the buildings and went off to prepare a marketing strategy for selling two large Oakland apartment buildings. Little did I know it was going to be a full year of continuous meetings, showings and conference calls before we finally closed the real estate transaction.

Nick Myerhoff sells High St. Apartments

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