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370
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85
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Les Jean-Pierre
  • Investor
  • New York City, NY
85
Votes |
370
Posts

Buying a percentage of a property

Les Jean-Pierre
  • Investor
  • New York City, NY
Posted

Hello BP, There is a property that is on the market trading way under market. I called the broker and found out the reason is the price listed reflects buying 75% of the property. Looks like this is an inherited property. So, maybe there is a holdout. Anyone ever encounter a situation like this? My thoughts are try to negotiate with the holdout or buy the property and then start a partition action. I would rather hold onto the property. Let me know your thoughts. Thanks!

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