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Updated over 6 years ago,
Sell now or work with developer
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!