All Forum Posts by: Josh Neumann

@Greg Dickerson. Thanks Greg! Would there ever be a way to sell % interest into the company that owns the land and is doing the development. Then, once platted, could convey that % back to each individual investor in the firm of their designated lot? This, funding the project on the front side. The sale would be harder, but perhaps a discount on the lot price could work, as the savings on interest throughout the build out would be significant. Thoughts?

Is there a legal way to structure sale of lots in a new development prior to plat approval or roads being finished. The strategy to be selling fractional ownership in the project that would be converted to lot #x upon completion. This would provide funding for the development as well as lower risk. Is this possible?

Thanks for the reply Bill! I'm more considering opening up the opportunity to some friends and then I in turn can use some of my equity toward another acquisition, or to pay down other debt on my other properties or my portion of that ARM. Thanks again!

follow up question:  In selling off partial ownership, do I evaluate of % of debt to equity or sell off, for example, 49% of the total value and apply toward debt?  

Would it be wise for an investor (me) to look at selling off partial ownership in a building to either eliminate (commercial loan) debt or use toward purchase of a new property. I'm in the process of a 4unit purchase that I'm having trouble getting financed on the secondary market because of lack of comparable properties for appraisers.  I have about 50% equity in a 1.2m building.  How would I structure ownership shares and evaluate it vs the debt on the property.  I appreciate the advice!