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

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
General Landlording & Rental Properties
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 over 5 years ago on .

User Stats

2
Posts
0
Votes
J. Scicchitano
0
Votes |
2
Posts

Fair rental value for co-owner living in a partnership-owned home

J. Scicchitano
Posted

I have a real estate partnership with a family member. In late 2015, we purchase a duplex together. I put up the cash and he has done all repair and maintenance work. We are trying to determine fair value of our respective investments to calculate our ownership stakes. 

I have lived in one half of duplex since purchase. Other half rents for $1300/month. What is the fair amount that should be credited back to the partnership in exchange for the benefit of living in the house? 

Not sure if it should be market value, or I should have some discount from market value?