All Forum Posts by: Laurie G.

I will echo what many others have stated. This post is incredibly informative. Thank you for taking the time to thoughtfully consider each question and respond accordingly! Now I just need to find an @Andrew Postell in NC!  Thank you again!

Quote from @Chris Seveney:

@Laurie Gattis

Unfortunately this information is not public record so even if you had someone who claimed to be a professional at it, there is no comps to say what a discount would be.

If I understand this correctly, you have an offer but you want to buy it for the amount of the offer?

My question is why should they discount it? I could see if they wanted out of a piece of property and came to you and asked if you wanted it, but just curious why they should take a discount?

Hi Chris, Thank you for your response. I understand why you and Matt might initially question the discount after reading my post. I hesitate to share some of the details publicly but I just sent you a pm. To answer your question regarding the offer, we want to buy out the family member's share who wants out and is pushing the other owner to sell. The other owner has never wanted to sell, yet a builder's offer was presented with an ultimatum to buy out at that price or risk going to court. Many more details that I am happy to share privately if it would shed light on this. Thank you again.

Quote from @Matt Devincenzo:

You're looking for an appraiser that specializes in development deals, they're most likely to have the experience or know someone in the industry who does. Just be aware that they do not charge your $500 residential appraisal fee, it's much more of attorney/consultant type agreement structure.

Also to Chris' point, why should they discount their buyout from the offer? I assume you own the other 50% share? If the builder is willing to buy at XX price, then you both have shares worth 50% of that amount. You're saying that they should discount what they'd take just because you'd stonewall the sale. So while you're right that a fractional share isn't worth as much alone, that's not the offer they're asking you to buy them out of...presuming that other full purchase offer is a real one and equivalent. Their analysis is, what are we walking away from by selling to you? And should we take less now so you can make more later selling a full share?

I'd say that were I in your shoes my offer would be 50% of the builders offer minus sales costs and commissions. My reasoning would be that is what their real net would be in this scenario, and I'd have to pay those commissions etc when I sold anyway...though if I were them I'd stick to my request as you're the one that wants me to walk away from more money.

 Hi Matt. Thanks so much for your responses and insight. I completely understand why you might question the discount after reading my post. There are more details but I hesitate to share those publicly. I just sent you a pm. Thank you again!

Hello. In an effort to simplify a seemingly complicated situation, can anyone recommend a qualified professional who has experience with providing accurate discounts to fractional shares of real estate? We are hoping to buy out a relative's undivided share of a SFH. Owner presented us with a builder's offer for 100% of the property and they are asking that we pay half of that for their 50% share. Our attorney is recommending that we counter with an amount based on the discounted fractional share we would be purchasing and I haven't been able to find anyone who can help. We are in the Charlotte area - not sure if that matters. Thank you in advance for any referrals or guidance! I'm beyond ready to dive into RE investing but need to gain ownership 1st.

Hello Bigger Pockets Forum. I have been doing my best to soak all of this goodness in for months and I am beyond ready to take the plunge. There are many details that play a part, but in an attempt to oversimplify - I don’t know how to get started before this ship sails. Help please!?

My goal is to create a profitable real estate investment plan and form a business partnership with family member(s) to develop inherited properties vs. selling off. I would run the business side 100%. They co-own recently inherited properties with excellent investment potential, but have no desire to deal with everything it would take to develop. They are open to discussions and open to a buy out. I would like to present them with a comprehensive plan to develop these properties to turn into a worthwhile/profitable venture that can be a win for all. Is it possible to set up a business whereby I could gain partial ownership/buy out over time through the profit that is realized? What options are there?

If anyone is willing to pay it forward and point me in the direction of an expert who would be able to guide me through creative options for company structure, ownership, operating agreement, etc. based on our specific circumstances, I would be most grateful and delighted to return the favor in the future. :-)