We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

I paid cash for them (130k and 56k).

Hi Everyone,We are business owners (construction co) classified as S corp, 2 members -  paid with W2 income from the business.We deferred salary for 2024 to a Solo 401K. 

What would I need to do to structure the note in order to have a note buyer come in and buy the note or buy a partial enough to pay off the 215k at closing and still have some difference coming to me or the note revert back to me after the partial was paid for. 

We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

Unless you paid cash?

Holy cow, don't you have a contract that specifies when and how much draws are to be submitted and paid? 

We paid back the 401K loan in 8 months and best yet paid all the interest back to myself vs. the bank.Aug 2023 - I went to my local bank and got approved for a HELOC on my primary residence. 

Loopnet has some comp information, but requires a paid (and not cheap) account to see it.Commercial properties are generally valued based on income, not comps per se.