Property-Level Analysis: the Key to Successful Investing in Today’s Changing Landscape

Summer 2001, Vol 26, No 2 Abstract: With the excessive uncertainty about future profits of both new and old economy businesses, investors are relying more on research. Although research is not a tell-all of reducing risk and increasing investment potential, it does give investors an ability to spot a trend and profit from it by relying… Read more

By Repealing the Basis Step-up on Death, Did Congress Bury the Estate Tax or the Taxpayer

Summer 2001, Vol 26, No 2 Abstract: This article focuses on a few of the most important changes that were made by recent tax legislation under the Economic Growth and Tax Relief Reconciliation Act of 2001. This Act provides for the repeal of the estate tax (albeit over time and with many qualifications).

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Defeasance vs. Yield Maintenance: What’s the Difference?

Summer 2001, Vol 26, No 2 Abstract: Defeasance is an attractive alternative to a yield maintenance formula that provides a clear benefit to the borrower. In short, defeasance does not include a 1 percent minimum prepayment fee while the yield maintenance formula does. The trade-off is a few additional administrative steps necessary to execute a defeasance… Read more

The Myth of Three Independent Approaches to Value

Summer 2001, Vol 26, No 2 Abstract: Though many appraisers hold the belief that the three traditional approaches to value—the Cost Approach, the Income Capitalization Approach, and the Sales Comparison Approach—are interrelated, there are still a large number of appraisers who adhere to the premise that they are completely independent methods of estimating value. The focus… Read more

The Future of the Residential Real Estate Brokerage Industry

Summer 2001, Vol 26, No 2 Abstract: The real estate brokerage business is undergoing a radical transformation brought about by the revolution of cyberspace technology and the globalization of business. In this manuscript, the authors examine how the new cyberspace technology is altering the residential brokerage business, how it will change institutional structures, and how it… Read more

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Focus on Legal Issues: Getting Ready to Sell a Property

Summer 2001, Vol 26, No 2 Abstract not available. Read More

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