Joint
Ventures;
- Quite often in today's
financial environment it takes joint venture efforts between Sellers,
Buyers, Brokers, Debt and Equity Investors, in
order to facilitate golf course buy and sell transactions.
- Long term capital gains tax deferment is just one
of the reasons sellers participate in joint ventures.
- Some Sellers prefer to
keep an equity interest when selling, in order to participate in future
profits
and limit their capital gains tax exposure.
- Sellers who would like to
receive a larger amount of tax deferred cash from a sale, might consider
refinancing and then sell subject to the mortgage. The seller would pay capital gains tax
only as the mortgage is amortized, and the amortization is credited to the
seller. The refinancing lender retains the right to qualify the new purchaser
and puts emphasis on the
purchaser's ability to operate and manage the property.
- Most joint ventures and syndicates pay
no Federal income taxes, but the individual members do, and depreciation losses go directly to the individual members on a pro-rata
basis to help offset gains.
- As bank business loans become more
difficult to negotiate, joint ventures and syndications become more popular.
- If you're thinking about selling or making a
transaction of some type and would like to explore joint ventures or
syndications, please contact
us. We will be happy to discuss the options and possibilities that might be
available for your property.
-
- 1031 Tax Deferred Trades;
- Possibly avoid capital gains tax permanently with
a stepped up basis.
- Generally, if you exchange business or investment
property solely for business or investment property of a like-kind, no gain
or loss is recognized under Internal Revenue Code Section 1031. If as a
part of the exchange, you also receive other, (not like-kind), property, or
money, gain is recognized to the extend of the other property and/or money
received, but a loss is not recognized.
Section 1031 does not apply
to exchanges of inventory, stocks, bonds, notes, other securities or
evidence of indebtedness, or certain other assets.
- EVALUATIONS;
Are a free service when we represent Sellers as
their Exclusive Agent in the sale of their property. When we do not have an
exclusive
listing agreement with the Seller Evaluations are available and the fee is negotiable
depending on the property and time estimated for the service.
-
Creative Solutions;
- Each Golf Course Transaction will usually have
different circumstances and unique challenges. We will help you meet the challenges and take
advantage of any opportunities that may lie ahead, whether a Joint Venture,
Tax Free Trade, or a Conventional negotiated sale. Feel free to give us a call, or if you would like for a representative to
contact you, please fill out the form below and press, "submit
request".