The best way to buy BMV
White Knight Associates think the best way to buy a BMV is to purchase a property at auction. Recently a Client of White Knight Associates has been trying to sell the most problematic property in his portfolio. It has suffered from the glut of new apartments. Two years ago it would have let in a couple of weeks. Now, despite several rent reductions I have only just got a tenant. Previous to that he had it for sale but had little or no interest.
Therefore, in considering its’ future within his portfolio He thought he would look at all options including trying to dispose of it at auction. Following some very astute and helpful advice he was told that the price he was likely to get given the glut on the market would not really reflect its’ true investment value. Fortunately, He does not need the cash and had decided to retain the property as a ‘cash cow’
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