I called my landlord again this morning. My roof had begun swelling with water, and it seemed like just a matter of time until the thing cracked open and dripped (or poured!) water into my unit. That was the third time I called my landlord about some thing or another this week. As I explained the roof…
Mr. and Mrs. Jones have been farming all of their lives. They have two grown children and seven grandchildren none of whom wish to run the farm. They decide it is best to sell the farm now while prices are high. Mr. and Mrs. Jones need income to maintain their life-style but also want to preserve…
The Smith Family owns a large almond ranch in the Central Valley of California. They accept an attractive buyout offer. The proceeds are $6,000,000 with existing debt of $500,000. Using a 1031 exchange they plan to acquire a new ranch in Arizona with a purchase price of $5,000,000 leaving $500,000 in cash after paying off…
The Johnson family sold their debt-free farm for $2,500,000 in cash. They were referred to a real estate broker who suggested they acquire one single tenant net leased property. After a period of time identifying and negotiating the purchase of quick serve restaurant, the Johnson’s attorney found a number of onerous subordination, substitution, and cancellation…
Cynthia owns a small manufacturing company. She bought the building she occupies fifteen years ago for $600,000 with an SBA loan. Wishing to retire, she sold the company along with the building. The building was valued at $2,000,000. There was $200,000 in remaining debt on the building. Results without using a 1031 exchange and DST…
