I inherited rental properties around the Atlanta area 1 1/2 yrs ago which are all mortgage free. The obvious...keep them, but I am overwhelmed (also inherited active commercial supply b'ness and many other personal properties). Considering selling rental properties but have seen online articles warning against selling with large tax implications etc.
What type of person in my city can I go to for advice and a pro vs con analysis? I have NO knowledge or prior experience in this arena. HELP
With the commercial supply bness I have ordered a Valuation which is complete and will be handed to me this week. The 25% partner feels I should hand the business to him because he has worked there 30 years. He has said he will reject a loan offer from the bank because he "will not go into debt for what he has earned over the last 30 years".
My other options if he rejects a loan offer from the bank to buy me out are: selling to a competitor or liquidate inventory and sell business? > HELP
