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Flashcards in Real Estate Investments Deck (9)
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1

The exchange of a property for another property of like kind without paying taxes is called a(n)

1031 exchange

2

If the properties being received in a 1031 exchange are worth less than the property being exchanged then the investor will receive a "__"

boot

3

___ is a subjective analysis of a piece of real estate for investment purposes, which, combined with fair market value, helps an investor decide whether or not to include the particular property in their investment portfolio.

Intrinsic Value

4

The steps to actions by a real estate syndicate include all, except:

Depreciation

There are three steps to the action of a syndicate:
Origination
Operation
Liquidation

5

"Real property assets" include all of these, except:

Appliances

6

Real estate investors in agricultural or undeveloped land in the direction that the growth an area is moving toward are frequently referred to as:

speculators

7

For long-term investments in real-estate, the tax law favors investors by giving them a favorable tax rate known as the __ exchange

1031

8

Nonresidential real property encompasses things like warehouses, office buildings, storefronts, and other properties that are not residential and are expected to have a usable life:

of more than 27.5 years.

9

Investors, whose primary interest in acquiring an investment property is in doing so for tax purposes, should consult with:

A qualified CPA, tax attorney, or both