Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

2
Posts
0
Votes
Ethan Belcher
  • Huntsville, AL
0
Votes |
2
Posts

Advice on buying partner out..

Ethan Belcher
  • Huntsville, AL
Posted

hello everyone. A little background on our rental business. My grandfather started this business in the late 60s and we are still going strong 2 generations later. We have grown to over 88 units total (SFR and multi).

My father and uncle own everything 50/50. We only have one small mortgage for about 800$ a month on all our property. 

My question to you all is what would be the best way to buy my uncle out? It's about $1 million in value for my uncle share, so a down payment is impossible. So what would be a way to finance this deal?

Thanks.

Loading replies...