The Napkin Rule states that the replacement property you will purchase should come at a greater value than or the same value as your relinquished property in order for you to avoid paying a costly capital gains tax. Should you...
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Amortization Schedule
This is the contractual schedule of interest and principal payments that are owed by the borrower to the lender for the principal borrowed. It is utilized by lenders to present a loan repayment schedule based on a certain...
1031 Exchange – Identification Removal
During a 1031 exchange, you must write and sign an identification removal statement should you need to remove a replacement property.
Accession
Accession is a property law doctrine that gives property owners the right to possess all of the things that are added to or produced by the property they purchased. Acquiring value through accession means that a thing of value...
Acceptance
Acceptance refers to an offeree's consent to enter into a contract. The offeree will then be bound by the terms and regulations of the offer. Depending on the nature of the offer, an offeree's acceptance may be implied, partial...
Assessed Value
This is the value placed on real property, such as lands or buildings, by a township or a tax assessor for the sole purpose of levying yearly real estate taxes.
Amenities
Typically found in property listings, amenities are the features and benefits of a residential or commercial property that make it more appealing to potential tenants or buyers. There are two types of amenities: tangible, which...
Ad valorem
This means "according to value" when translated from Latin. Ad valorem tax refers to tax that is established on the estimated value of an asset, for example, personal property or real estate. Most common for these types of taxes...
Accrual Construction Loan/Negative Amortization Loan
This refers to a momentary loan produced by the lender for the sole aim of new property construction. How it works is that the principal amount required for incurred project costs are acquired monthly through a loan draw request...
The Holy Grail of Capital Raising
Family Office expert, Richard C. Wilson, speaks about thought leadership and how it ties with Capital Raising. Learn more by attending our Capital Raising Bootcamps and visiting familyoffices.com. Hello, this is Richard from The...
