- Joined
- Aug 19, 2011
- Messages
- 183
Greetings to REIN members,
I have a question regarding the proposal of JV buy out terms. When one partner offers to buy out the shares of another partner in a rental property, what costs are involved? I list the following estimated costs, please add on if I miss others.
-Appraisal cost
-Legal fees
-Real Estate agent fee (I wonder whether this should be included or not, because we are not selling to the general market, actually there is no agent involved in the transaction, but still shall we treat it as a sale to the market?)
Any others? Thanks!
I have a question regarding the proposal of JV buy out terms. When one partner offers to buy out the shares of another partner in a rental property, what costs are involved? I list the following estimated costs, please add on if I miss others.
-Appraisal cost
-Legal fees
-Real Estate agent fee (I wonder whether this should be included or not, because we are not selling to the general market, actually there is no agent involved in the transaction, but still shall we treat it as a sale to the market?)
Any others? Thanks!