Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

10
Posts
0
Votes
Linda Garcia
  • Real Estate Professional
  • Snohomish, WA
0
Votes |
10
Posts

Sell now or work with developer

Linda Garcia
  • Real Estate Professional
  • Snohomish, WA
Posted

Sell vs Develop land.   Does anyone here know how to make an educated decision on whether to sell a highly appreciated property or go into a partnership with a developer.  The sell now price is substantially higher than the capital account value we would start out with but would allow us to get into multifamily.  I have shown my accountant and attorney but no real answer, probably because too many variables and things that could go wrong.  I would love to hear of any experiences with partnerships of the multifamily buildout type.

Thank you!  Relatively new here but loving it!

Most Popular Reply

User Stats

43,604
Posts
64,384
Votes
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
64,384
Votes |
43,604
Posts
Jay Hinrichs
#1 All Forums Contributor
  • Lender
  • Lake Oswego OR Summerlin, NV
Replied

not enough detail to answer your question.  

but I will take a guess at what your asking

if the developer is going to bust this into lots and you stay in you just lost your tax advantages and will be deemed a dealer at the highest tax rates.

sell now no risk.. and best tax treatment you could 1031.

if its one property and your saying should I partner and they are going to build an apartment on it and we will keep it.. that's different.. but you lose control because your now going to put a massive amount of debt on it.. all though in your area not too risky given market conditions.. and really depends on your developer  known, reputable and stable ?

so there is some feedback but you need to be more specific of what you own and what you looking to do.

business profile image
JLH Capital Partners

Loading replies...