50/50 Partnership BRRRR on Commercial 6 Plex

[Evan Scott]

So my wife and I partnered with a friend on a 6 plex in Ohio. Bought it off a wholesaler for 220k and both of our names are on the TITLE and we split it 50/50 all cash. We did not form a LLC as we had to buy within 5 days by the time this deal got to us. We have improved curb appeal and successfully raised the rents by 10% as they were way under market. We have an investor interested in buying for 350k, but Im wondering if its possible to BRRRR this commercial property as Partners, and get our capital back so we can keep this cash flowing property in our portfolio and not have to pay capital gains taxes. Im not sure where to start, any thoughts or suggestions would be greatly appreciated. Commercial Lender referrals would be greatly appreciated as well. Thank you for your time!