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H OLDING S TRA TEGIES AND E XIT S TRA TEGIES

concept is not really an equitable solution for anyone. Who is willing
to pay full value for a partial interest in a partnership with partners
they don’t know? Certainly the remaining partners don’t want to deal
with a stranger who suddenly becomes their partner. If someone buys
that interest at a highly discounted price, he may be doing so solely
for the purpose of tormenting the other partners to a point where
they, too, will sell their interests at a bargain price just to buy peace.
A better approach and one that is fair and equitable for all part-
ners goes like this: Partner A wants out. He obtains a bona fide offer
for the entire property that he is willing to accept. He notifies all
other partners of his intention to sell and they have two options.
One, they can elect to buy the share of Partner A and pay him what
he would have received if the sale were made or two, they must join in
the sale. This completely eliminates any monetary discount for a mi-
nority interest and the possibility that remaing partners will have to
deal with a stranger.

SUMMARY

Well-located real estate has supreme value because of its finite sup-
ply. No one’s making any more land. And for that reason alone, real
estate improved with the kind of creativity and savvy that Trump
puts into his real estate investments will always be in demand and
will always increase in value. The strategies in this book have made
billions for Trump and can help you make a large or small fortune in
the world of real estate.

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