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Updated over 2 years ago, 08/05/2022

User Stats

15
Posts
20
Votes
Quincy Hall
  • Rental Property Investor
  • Chattanooga, TN
20
Votes |
15
Posts

Business Partner Wants To Sell

Quincy Hall
  • Rental Property Investor
  • Chattanooga, TN
Posted

Hello,

I currently share an STR with a buddy of mine. We purchased the property back in October 2021. It is located in Ellijay, Ga. Since then we have grossed 47k and it is currently booked all of June and July to make an additional 9k. With all of the recession talk going on my buddy wants to sell because he feels like people are going to stop traveling (HIGH GAS),and I was on the bandwagon too for awhile. However, my wife thinks we should keep it and just buy him out and continue operating. Your input please.

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