Tied up a 12-unit in Akron at a 9.1 cap and assigned it for $38k in 22 days
Seller wanted out fast, estate situation, three heirs who all disagreed on price. I got it at $610k and moved it to a buyer who had been sitting on cash since Q3 last year. He did not blink at my number because the in-place rents were $72k annually and he could see the path to $89k with two vacancies filled. I had to explain to the seller's attorney what an assignment was, twice, and we almost lost the whole thing on day 18 because one of the heirs hired his own counsel at the last minute. Closed anyway. Thirty-eight thousand dollars for 22 days of work is the kind of thing that made me feel stupid for spending six years selling other people's deals.
