Posted by Tammy
on 5/27/2004, 12:48 pm
67.51.114.218
Hi,
I'm going into a partnership with a partner and need some advise on how to determine our share of investment into this cabin. Here is the situation:
I bought the land 6 years ago for $30K. Started the building process and have $180K (including the land) so far. Now the land with worth $120K. The cabin is about 1/2 completed. My partnership begins at this point. Upon completion within 6 months, the cabin will worth about $600K.
My question is this:
How do I calculate how much of each of our share with the cabin not complete yet?
Any information or advice is greatly appreciated in regards to partnerhip. Thank you for your time and help.
Tammy
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