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My brother wishes to provide me 50% ownership stake in his property for a set purchase price of $165,000 (the property was purchased last for $330,000 and is currently valued a bit higher but the requested price for 50% stake in ownership is $165k). How can we conduct this transaction?
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Are you paying cash? Getting a loan? I would sign a purchase and sale agreement, have it go through an attorney or escrow, and get title insurance.
Answered on Apr 22nd, 2021 at 9:20 AM