Comments on: Real Estate Partnership Questions

By: John Legler

John Legler — Thu, 13 Mar 2008 21:27:42 +0000

Question:
I am part owner with two brothers in a hunting camp. If I buy out one brother’s 1/3 interest and become a majority owner, does the other brother with only a 1/3 interest have a say in improvements being made and does he have to provide 1/3 of the cost of the improvements made?
Can I shut him out so to speak if he does not contribute a fare share? He is basically lazy and a do nothing.

By: simyo

simyo — Mon, 22 Oct 2007 13:13:19 +0000

I bought a condo with 2 friends. Everything went very well and we did not even make a contract..

By: Studium / Fernstudium

Studium / Fernstudium — Thu, 11 Oct 2007 09:41:57 +0000

I would prefer the condo, a house will always be more expensive, if you want to live right in a city…

By: Fernstudium / Studium

Fernstudium / Studium — Tue, 02 Oct 2007 09:04:36 +0000

i wouldnt buy one. i think a house is better und in lifetime cheaper than a condo.

By: Artie

Artie — Fri, 28 Sep 2007 09:46:59 +0000

Funny my wife & I were only talking about this last night, she seems to think it would be fine but can’t imagine it working. Even with a contract it is very risky & you can end up stretching a good friendship.
I certainly wouldn’t do it!
Regards, Art.

By: Real Media Codec

Real Media Codec — Thu, 13 Sep 2007 20:54:34 +0000

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By: Lucille Edwards

Lucille Edwards — Wed, 27 Jun 2007 18:56:11 +0000

I am interested in buying property as pre-construction for a church.
We will hold the title and investor will pay $15,000 with a financial return of 20% at closing. The cost of the property as is (one small commercial building and a house) is zone general commercial. It contracted price is $350,000. Are you interested in financially investing?