What to charge when adding a partner
I have a cabin with some property and a friend that has been asking to become a partner in it. Hypothetically, letís say that the property just appraised for $100,000. What would an appropriate charge to become a 50% partner. When I had the appraisal done, the agent said that if I was selling it, that he would have listed it for a higher amount, hoping to get the $100,000. But bringing in a partner would be a cash transaction, with no realtor fees and no sales tax. So I was thinking it would probably be appropriate to do it at a discounted rate, I just wasnít sure how much. If anybody has done this how did you handle it? Thanks.