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Fair Price? |
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What is a fair amount to pay for current equity in a multi unit ownership group. I.E. current owner owns 18 properties valued at 1.8 million..He owes 1.4 million. They currently cash flow. There is 400k in equity, is paying 200k for half of the whole deal a fair price? |
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Before you go into any investment, it's time to line up your own CPA. All the financial documents should be discussed with your own accountant. You don't say how much cash flow is involved, who manages the properties, whether there's much deferred maintenance. One would have to know more before deciding what's a fair price for half ownership. I can't do it from this distance, sorry. Or you might talk with a certified appraiser. |
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Edith
Originally published on June 3, 2008 |
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