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Updated about 1 year ago,
Marketing tips, tricks, and other helpful advice desired
Good day fellow real estate entrepreneurs. I'm trying to sell all properties that I have acquired over the past year and am having some kinks. I know interest rates have increased. Not sure if there is additional marketing that I could be doing besides Facebook groups and Zillow (some listed with agents, two through Beycome). Not sure about Beycome yet, have had views through them but that's as far as the properties have gone. I can say the same for the properties listed with agents. Any feedback on Beycome is welcome. I'm trying to leave the LLC but am the grantor on all the properties and other loans taken out to help keep renovations going. Current plan is to leave once all debts tied to my name through the business are paid off. The properties for the most part are renovated, there are small things that need to be done. Had issues hiring reliable knowledgeable skilled workers. Agents know we are open to negotiations and have been asked to make sure people viewer are aware. Obviously I'm trying to make sure there is a profit made for myself, business partner, and investors on the properties. I'm almost to the point of having the listing prices to where it's breaking even which is better than any other alternative but not ideal.
I could go even further into the business itself. Trying to leave the business has been difficult. Business partner and myself have apparently been on very different pages (seems to be a life lesson). The property operating agreements have me at about 80-90% ownership. This was done so that I could sign for funding and my business partners credit not get ran. He is refusing to do anything until those percentages are changed. My understanding was that we were splitting the profits 50/50. This isn't written it's been off of trust......I could give a sob story. You don't want that drama. I've been told those could be edited very easily which makes me uneasy. Since I've made it more clear than just verbally that I'm not working towards a future with business partner they now are asking for more than 50% profits since the extra work and stress they took on in the business with their unknown intent to me was for ''Our" future together. Hope that makes sense. I NEED out of this LLC, I think the sale of the properties is the answer here. Not sure how it'll actually look when they get sold with my business partner wanting a higher percentage. I've tried to refinance but those fell through due to me making an inquiry on here when my business partner suggested I subject 2 the properties to him. I refuse to after learning but now am facing foreclosures. Any help and advice towards my situations is greatly appreciated. Thank you for reading. If you need more details feel free to ask.