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Updated over 9 years ago on . Most recent reply

User Stats

9
Posts
5
Votes
Franchot Tone
  • Investor
  • Bend, OR
5
Votes |
9
Posts

Vesting/Ownership of a commercial property with a partner

Franchot Tone
  • Investor
  • Bend, OR
Posted

Hi There-I'm writing an offer on a commercial property with a partner. It's a 2,200 sq ft restaurant. We offered $375k and sellers countered with $440k. Gross rent will be $4k monthly. What is the best way to vest the property for a partnership? LLC etc. I have never purchased a commercial property or a property with anyone other than my spouse. Any suggestion about a partnership would be much appreciated and commercial property in general.

  • Franchot Tone
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