An income property is purchased for $100,000 with $80,000 allocated to the building and $20,000 to the land. The depreciation rate is 10% per year, straight line. The property is sold for $100,000 net at the end of the tenth year. How much did the seller declare as a capital gain in the year of the sale?
A California couple, age 65 years each, retired to Arizona….
A California couple, age 65 years each, retired to Arizona. They sold their California house for $500,000, realizing a $125,000 capital gain. They purchased a home in Arizona in the same year for $375,000. How much did they have to declare as taxable income from this transaction?
Which of the following lenders makes most of the loans for l…
Which of the following lenders makes most of the loans for long-term, large commercial real estate developments?
A tight money market will
A tight money market will
Compound interest is really
Compound interest is really
A market analysis is predominantly done at the
A market analysis is predominantly done at the
The rate of interest paid by a borrower for a new loan when…
The rate of interest paid by a borrower for a new loan when added to a loan placement cost of $3,200, is called the
Subdivision and deed restrictions
Subdivision and deed restrictions
The anchor or major tenant of a neighborhood shopping center…
The anchor or major tenant of a neighborhood shopping center is most likely a
Real estate cycles imply
Real estate cycles imply