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Updated about 4 years ago,
Purchasing a interest in a property
Hi everyone, newbie here and this is my first post; decided to stop observing and jump in. I came across a property while analyzing properties in my neighborhood for any potential deals. I came across a multifamily property that was way under any other properties in the area, curious I checked it out. Turns out it is not the purchase price of the property but a "1/3 Interest of 3 family Estate Sale". If I'm understanding correctly that they are selling 1/3 ownership. In general, how would a deal like this work?