The David Greene Show Breaking Up Bad Partnerships | Episode 28
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Dec 31, 2024 Elijah Underwood, a savvy real estate broker and attorney, shares his expertise on untangling bad real estate partnerships. He discusses the realities newbies face when partnering up, offering invaluable tips for navigating disputes and understanding partition law. Elijah emphasizes the necessity of clear agreements and meticulous record-keeping to avoid conflicts. With relatable real-life stories, he reveals the complexities of legal challenges and advises on how to safeguard interests when exiting a bad deal. Don’t miss his practical insights!
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Real Estate Partnership Risks
- Partnerships are common in real estate, but they can go bad.
- Inherited properties, significant other purchases, and investments can lead to disputes.
Partition Law: An Exit Strategy
- If a real estate partnership sours, partition law offers a solution.
- This law allows for the sale of the property or one partner buying out the other.
Importance of Partnership Agreements
- Create a detailed partnership agreement to avoid future disputes.
- Consider potential life changes and financial shifts that could impact the partnership.