Comments on: Real Estate Partnership Questions http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/ Learn, Network, Invest Sun, 22 Nov 2009 23:13:19 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Fonic http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/comment-page-1/#comment-67928 Fonic Fri, 21 Aug 2009 10:30:54 +0000 http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/#comment-67928 I bought a condo with 2 friends. Everything went very well and we did not even make a contract.. I bought a condo with 2 friends. Everything went very well and we did not even make a contract..

]]> By: Eve Venters http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/comment-page-1/#comment-67537 Eve Venters Sun, 09 Aug 2009 21:18:46 +0000 http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/#comment-67537 My husband and I are half owners of a beach home with my sister and her husband. It has been the worse nightmare of our life. We have had all the responsibilities of this second home thrown on us. Our Partners will not lift a finger to do anything. We have been threatned physical harm. Damages have been done to the property. Threats have been made to throw our renters out. We have lost income due to the unpredictable situation. They take our scheduled time on the calendar and tell us they will kick us or our renters out. when it is not even their calendar time.I am in serious need to find out what legal action can be taken against our partners.My family has been harrassed to the point that no one in our home sleeps anymore. If anyone has any suggestions, please let me know. My husband and I brought in a third party to mediate the situation. But after dealing with this situation I think it will take some one in authority to get this issue straight. Please advise if anyone knows of any web site that I can go to that might give me information on case law opinions. Thanks My husband and I are half owners of a beach home with my sister and her husband. It has been the worse nightmare of our life. We have had all the responsibilities of this second home thrown on us. Our Partners will not lift a finger to do anything. We have been threatned physical harm. Damages have been done to the property. Threats have been made to throw our renters out. We have lost income due to the unpredictable situation. They take our scheduled time on the calendar and tell us they will kick us or our renters out. when it is not even their calendar time.I am in serious need to find out what legal action can be taken against our partners.My family has been harrassed to the point that no one in our home sleeps anymore. If anyone has any suggestions, please let me know. My husband and I brought in a third party to mediate the situation. But after dealing with this situation I think it will take some one in authority to get this issue straight. Please advise if anyone knows of any web site that I can go to that might give me information on case law opinions.

Thanks

]]> By: Vanessa http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/comment-page-1/#comment-66021 Vanessa Wed, 03 Jun 2009 10:46:10 +0000 http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/#comment-66021 If you have other opportunities, do not try to purchase rental property with your friends or family. If you have other opportunities, do not try to purchase rental property with your friends or family.

]]> By: arleen wolf http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/comment-page-1/#comment-65961 arleen wolf Fri, 29 May 2009 20:34:11 +0000 http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/#comment-65961 My stepson through illigal means became my partner in a vacation home in the Poconos & gives it to his friends to use. What is my right as an owner? My stepson through illigal means became my partner in a vacation home in the Poconos & gives it to his friends to use. What is my right as an owner?

]]> By: Amanda http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/comment-page-1/#comment-65793 Amanda Sat, 23 May 2009 01:33:02 +0000 http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/#comment-65793 My aunt owns a house with her brother in law in brooklyn,ny. She would like to sell it and buy a new home for herself and kids. however, Her brother in law doesn't want to sell. Can she take her share legally and still get a fair amount without selling the home? My aunt owns a house with her brother in law in brooklyn,ny. She would like to sell it and buy a new home for herself and kids. however, Her brother in law doesn’t want to sell. Can she take her share legally and still get a fair amount without selling the home?

]]> By: Harry Greenblatt http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/comment-page-1/#comment-65550 Harry Greenblatt Tue, 12 May 2009 14:15:43 +0000 http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/#comment-65550 Real Estate Partnership question. My family inherited one third share in a number of properties. We do not want to remain partners. We want to either buy out the other two or they should buy us out. How do we go about doing this? Real Estate Partnership question.
My family inherited one third share in a number of properties. We do not want to remain partners. We want to either buy out the other two or they should buy us out.
How do we go about doing this?

]]> By: John Legler http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/comment-page-1/#comment-55239 John Legler Thu, 13 Mar 2008 21:27:42 +0000 http://www.biggerpockets.com/renewsblog/2006/11/16/real-estate-partnership-questions/#comment-55239 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. 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.

]]>