All Forum Posts by: Clara S.

Thank you for the responses! 

If the person is not holding up their end of the agreement per the LLC, does that give you more negotiating power?

One year ago I bought a 4plex, my partner did the renovations in exchange for 40%, he did great work.

I am 60%, he is 40%. The title is in my name, I put 20% down. We have an LLC, we operate medium term rentals in the building.

Unfortunately, it’s becoming increasingly difficult to work with him. He’s becoming unprofessional and toxic. He’s mentioned being open to getting bought out and now I am seriously considering it since I can’t imagine this going on for more years.

Where do I start? This I my first investment with an partner and my second investment ever. I would prefer to keep the building.

@Clare Yuritch

Have you made any progress on your path? I'm currently deciding a similar option but interest rates are much higher now (still better than HML). Would love access to my equity incase an opportunity comes along in the next year and I need a down payment.

I was just offered around 7% for 7yr fix 7yr variable from union bank on 200k. Not the best not the worst.