Sell now or work with developer

[Linda Garcia]

Sell vs Develop land.   Does anyone here know how to make an educated decision on whether to sell a highly appreciated property or go into a partnership with a developer.  The sell now price is substantially higher than the capital account value we would start out with but would allow us to get into multifamily.  I have shown my accountant and attorney but no real answer, probably because too many variables and things that could go wrong.  I would love to hear of any experiences with partnerships of the multifamily buildout type.

Thank you!  Relatively new here but loving it!

[Jay Hinrichs]

not enough detail to answer your question.  

but I will take a guess at what your asking

if the developer is going to bust this into lots and you stay in you just lost your tax advantages and will be deemed a dealer at the highest tax rates.

sell now no risk.. and best tax treatment you could 1031.

if its one property and your saying should I partner and they are going to build an apartment on it and we will keep it.. that's different.. but you lose control because your now going to put a massive amount of debt on it.. all though in your area not too risky given market conditions.. and really depends on your developer  known, reputable and stable ?

so there is some feedback but you need to be more specific of what you own and what you looking to do.