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01. This Book
02. Syndicate Boom
03. Get Information
04. Syndicator
05. How much?
06. Depreciation
07. Depreciation Applied
08. Declining Balance
09. Straight Line
10. Paying Taxes
11. Pay Mortgage
12. Income Taxes
13. Paper Loss
14. Tax Shelter
15. Rent?
16. Syndicator Units
17. Wear + Tear
18. Lease-Hold
19. Building
20. Comparison
21. Specialized Properties
22. Growth
23. Leverage
24. Share Growth
25. Why + How
26. Syndicate Agreement
27. Net Lease
28. Long-term Lease
29. No Guarantee
30. Inflation Clauses
31. "Inflation Clause" Works
32. Inflation Clause?
33. Mortgage Due
34. Interest Rates
35. Short Term Mortgage
36. Good Mortgages
37. Refinancing
38. Refinancing Clauses
39. Share of Mortgage
40. Share of Profit
41. Purchase Options
42. How Purchase Options
43. Stunt the Growth
44. "Subordination"
45. Long Term Lease
46. Business Organizations
47. Syndicate Debts?
48. Management
49. Your Consent?
50. Sell Your Unit
51. Investment Trust?
52. Business Syndicate
53. Multiple Properties
54. Dream or Reality?
55. Syndicator's Background
56. Value of Guarantees
57. Look for Yourself
58. Conclusion
Resources
15. Where is the Rent?
Title closing will take place on December 15th, 1961.
It is anticipated that the first distribution will be made sixty days after the closing of title.
You may find two sentences like the ones above in your brochure, but you will not find them often together in one spot. We have arranged them that way for your convenience.
Title closing consists mainly of two things. The seller gives the buyer the deed to the property. The buyer gives the seller the purchase price. In the case of a syndicate, the buyer pays with your money. To pay out your money on December 15th, he will ask you to send it in at the beginning of December or sooner. Note that distribution to you starts only 60 days later.
Where is the rent which is being collected for December 15th to February 15th? This can be a substantial sum if rents for substantial properties are involved. Is there a mistake in the brochure? No. Every word was read by the syndicator and his attorney very carefully. Did the tenants get the 2 months free as a Christmas present? No, that's not it either. Try again I Yes, this time you got it. This is one way for the syndicator to make a profit. Nothing wrong with it, mind you. The syndicator discloses the information in the brochure. We only want you to be able to find that information. So look for the closing date and the date when your distribution starts.
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