Breaking Up Bad Partnerships | Episode 28

The David Greene Show

David Greene

Entrepreneurship, Business

5 • 653 Ratings

🗓️ 31 December 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Don’t know how to invest in RE? Don’t have money? Don’t have experience? Just find a partner who does! Many wanting to get into RE as inexperienced newbies found a partner to jump into the waters of the unknown with-only to find themselves drowning. When you need to get out of a bad partnership but don’t know where to start, it can feel overwhelming. Today’s guest Elijah Underwood specializes in protecting the interests of those looking to terminate a partnership and get equity out of a deal. You don’t want to miss hearing what to do to save yourself when a deal goes bad if you’ve ever considered buying or inheriting RE with someone else! Follow David: @DavidGreene DavidGreene24.com RealTalkRealEstate.com Podcast-The David Greene Show Spotify, Apple Podcasts Book a session with David: [email protected] Ask a Question: DavidGreene24.com/ask Find me on the “minnect” app Real Estate University: SpartanLeague.com Join my Free Newsletter: Davidgreene24.com/textletter Finance Your Real Estate TheOneBrokerage.com Intake@TheOneBrokerage @theonebrokerage Free Textletter DavidGreene24.com/join STR Management [email protected] Investor Retreat DavidGreene24.com/retreat 00:00 Introduction 00:05 Meet Elijah Underwood: Real Estate Broker and Attorney 00:27 The Reality of Real Estate Partnerships 04:02 Understanding Partition Law 05:57 Advice for Entering Real Estate Partnerships 07:06 Real-Life Stories and Legal Challenges 13:31 Tips for Structuring Partnerships and Keeping Records 27:54 Final Thoughts and Contact Information

Transcript

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0:00.0	Welcome to Real Talk Real Estate, the show where we cover how to build wealth in real estate with no fluff, no BS, and no sales pitches.
0:07.0	I'm David Green, and I've been doing this for over 10 years. I've seen the ups, the downs, and everything in between.
0:13.0	This is the show where we pull back the curtain and show it to you too.
0:16.0	So if you want to build wealth through real estate or you just love learning about it you found your home what's going on real
0:27.2	talkers welcome to the david green show got a good interview for everybody today i'm going to be
0:32.0	speaking with elijah underwood a real estate broker attorney, about something that you may not have
0:38.2	heard about before, but there's a good chance you'll need if you've ever heard about
0:41.7	partnerships.
0:42.7	You've been told that if you don't know how to invest, you should find a partner.
0:45.9	Are you scared to invest?
0:46.9	You should find a partner.
0:48.1	Do you have no money, no experience, no clue what you're doing?
0:51.1	Just find a partner and you can buy real estate. Well, what happens when
0:54.3	that partnership doesn't work out and needs to be dissolved? Elijah is here to share with us
0:59.9	something that he specializes in, which is dissolving partnerships that have gone bad or people just
1:05.1	want to go their separate ways. Elijah, welcome to the show. Hey, great to be here, David. Yeah. Did I miss
1:09.7	anything in the intro about what you do? Do we need to add anything about what you specialize in?
1:13.6	I think it's a really nice introduction.
1:15.6	I think it, you know, it's not just people who buy real estate together, but also people who
1:21.6	inherit real estate together.
1:23.6	You know, people who may have acquired real estate from family, things like that, or
1:31.3	other people who are looking to get into real estate and see its benefits, but probably
	...

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