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Updated over 1 year ago on . Most recent reply
NEED ADVICE: Want Out of Multifamily Deal
Hello all,
I'm looking to get out of a 5-unit multifamily property my business partner and I have. We have a 50/50 partnership under our LLC. I want to take my portion and diversify into other properties and he wants to hold. He is not willing to buy me out based on the fair market value of the property and so I'm a bit stuck.
What are some creative ways I can get out of the deal that would be a win-win for both parties?
Cheers!
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Jay Hinrichs
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Jay Hinrichs
#1 All Forums Contributor
Professional Services
#1 All Forums Contributor
- Lender
- Lake Oswego OR Summerlin, NV
do you have a buy sell agreement in your operating agreement.. if so follow that formula.
if not then you are stuck if you wont accept his offer.
its very common for the exiting partner to take a hair cut.
- Jay Hinrichs
- Podcast Guest on Show #222
JLH Capital Partners