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Updated over 1 year ago on . Most recent reply
I would like to 1031 my half of properties but brother wants to keep properties as is
We currently own a small portfolio of properties. I would like to 1031 my half or sell the properties, If brother does not want to sell what can be done.
We are currently updating the operating agreements, I think this is a good time to add some language to the documents stating that if one partner wants to sell or 1031 he has the right.
Is this even possible ? and what can be done in this situation where you have one partner wanting to sell and the other wanting to keep the properties as is.
Are there any estate planning attorneys in the Los Angeles CA. area I can reach out too.
Most Popular Reply
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- Qualified Intermediary for 1031 Exchanges
- St. Petersburg, FL
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@John Lupo, A very common scenario. Why don't you sell your % to your brother and do a 1031 into something on your own.
- Dave Foster
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