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Tax, SDIRAs & Cost Segregation
Account Closed
  • Chicago, IL
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Buyout issues with partner

Account Closed
  • Chicago, IL
Posted Sep 14 2019, 04:39

Hello,

Me and my partner have a "verbal" buyout agreement in place for an investment property we share interest on. We came to this agreement about two months ago and he gave me to option to leave "now" at

a number or leave later when the property sells at a bigger number. I agreed to leave now and he agreed. The problem is its been two months and still no word on when we going to close this thing out from him or his lawyer. I wont no part of the deal anymore and is not providing any support on the investment property anymore. Is there anything i can do legally to get this buyout expedited?

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