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Updated about 8 years ago on . Most recent reply

Mark B's profile image
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Mark B
  • Investor
  • from Albuquerque, New Mexico
  • Member since Jan 25, 2009
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118
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43
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Mark B's profile image
Mark B's profile image
Mark B
  • Investor
  • from Albuquerque, New Mexico
  • Member since Jan 25, 2009
Connect
Mark B
  • Investor
  • Albuquerque, NM
43
Votes |
118
Posts
Buying & Selling Real Estate

Tenant wants to buy my building that is collateral. Can I sell it

Mark B
  • Investor
  • Albuquerque, NM
Posted

Hi.  Tenant wants to buy a share of my building.  But this building is used as collateral on another deal of mine.  Can I sell half of it?   What are the rules about selling assets that are used as collateral?

They want to make this purchase in 3 to 5 years.  Is there a mechanism that will allow this to happen?  And how will my bank know that I have sold it/ or a share of it?

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