ft Editorial Staff | firsttuesday Journal

June 2006 Recent Case Decisions

Posted by ft Editorial Staff | Jun 6, 2006 | Real Estate, Recent Case Decisions |

A look at recent court cases affecting real estate. LLC gross receipts tax held unconstitutional The Franchise Tax Board (FTB) imposed an annual $800 minimum tax and an income tax based on gross receipts of LLCs registered with...

Form 156 – The equity purchase agreement

Posted by ft Editorial Staff | Jun 6, 2006 | Investment, Real Estate |

This article examines the equity purchase restrictions which must be known and applied by all investors buying owner-occupied, one-to-four unit residential property during foreclosure. The equity purchase sales scheme An equity...

Direct deeding and avoiding receipt

Posted by ft Editorial Staff | Jun 6, 2006 | Real Estate |

This article debunks the myth that a formal exchange is a requisite in §1031 conveyancing and presents the general rule for direct deeding and the impounding of sales proceeds. Preferable to sequential deeding A property must...

Research and acquisition of real estate

Posted by ft Editorial Staff | Jun 6, 2006 | Investment, Real Estate |

This article outlines the contractual provisions that are involved in a purchase of real estate for syndication. The benefits of group investments For syndication purposes, real estate can be broken down by type into five basic...

Vesting the ownership

Posted by ft Editorial Staff | Jun 6, 2006 | Real Estate |

This article presents the various vestings for holding title, the ownership rights reflected by the vestings and their termination by any right of survivorship on death of a co-owner. Possession and transfer rights All parcels...