Allowance is the set dollar amount supplied by the landlord under a lease that is to be used by a tenant for a specific purpose such as tenant improvements, design fees, and moving expenses. Should the expense surpass the...
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Accrued items
Passive accrued items are items of expense that you have acquired but are not payable as of yet. These are the interest on a mortgage loan or taxes on your real property. Active accrued items are the expenses that are prepaid...
Architecting Communications
Richard discusses how to communicate in a strategic way with clients to ensure that they are being presented with the best possible options. Hello this is Richard Wilson coming to you from downtown Philadelphia. I was here to...
Absorption
Absorption is a method which real estate investors use to determine tenant demand. It is measured by square footage. There are two types, the first one being gross absorption or the total amount of space occupied over a given...
Alienation clause
This refers to a clause in a mortgage that gives the lender the right to call the loan immediately due and payable once the owner sells or transfers title to the property. The borrower must pay the mortgage in full before they...
3 Things in Common with $100M+ Capital Raisers
Capital Raising expert Richard C. Wilson speaksabout the three things capital raisers with over 100 Milion in raised funds have in common. Hello, this is Richard Wilson from the Family Office Club. I’m coming to you from...
1031 Exchange – Phase 1
A 1031 exchange's Phase 1 or Down Leg is the part of the process in which the relinquished property is solid and all of the necessary paperwork for this process is signed and completed.
95% Percent Rule
The 95% rule states that, in the identification process of replacement properties, you can choose as many properties as you want regardless of the aggregate fair market value (FMV) so long as you purchase 95% of their total or...
Adjustable Rate Mortgage (ARM)
This is a type of mortgage loan in which the interest rate varies throughout the life of the loan as it is dictated by the movements of an assigned index or a designated market indicator. This kind of mortgage is ideal for...
1031 Exchange – Cooperation Clause
Together with your Agreement of Sale should be an appropriate 1031 Exchange Cooperation Clause. This clause allows you to document your intent to complete an exchange and provide some form of notification to the other party...
