Buying Real Estate with Partners

Attorney Richard Gaberman


06/08/2011

Attorney Richard Gaberman talks about the lobster trap effect when buying real estate with partners. "It's easy to get in but hard to get out."

Here are 10 questions to answer about buying real estate with partners:

  1. What is the best ownership structure to minimize income tax implications?

  2. What are your banking sources for financing?

  3. How well did you conduct your due diligence on your partners?

  4. How well do you know your partners?

  5. Are your partner's spouses going to be "silent partners"?

  6. What abilities do your partners bring to the table?

  7. What are your partner's abilities to provide financing?

  8. How will decisions be made? Majority? Unanimous?

  9. How will you break the deadlock?

  10. What is your exit strategy if someone dies?

  11. What happens if you want to exit and preserve your equity?

Contact Information:
Richard M. Gaberman, Esq.
Telephone (413) 732-2301
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