Real Estate Owned - Additional information (Details) - USD ($) |
6 Months Ended | |||
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May 15, 2020 |
Jun. 30, 2020 |
Jun. 30, 2019 |
Dec. 31, 2019 |
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Real Estate Owned | ||||
Real Estate Investment Property, at Cost | $ 7,023,382 | $ 8,258,082 | ||
Rental Properties | 1,655,580 | |||
Real Estate Held-for-sale | 5,367,802 | |||
Proceeds from sale of real estate held for sale | $ 557,000 | |||
Gain (loss) on sale of real estate held for sale | $ 0 | |||
Impairment loss on real estate owned | $ 495,000 | $ 0 |
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- References No definition available.
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cash received for the sale of real estate that is not part of an investing activity during the current period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount as of the balance sheet date of investments in land and buildings held for sale, excluding real estate considered to be inventory of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount of income producing properties held for rental. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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