Real Estate Owned - Additional information (Details) - USD ($) |
3 Months Ended | |||
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Jan. 15, 2021 |
Mar. 31, 2021 |
Mar. 31, 2020 |
Dec. 31, 2020 |
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Real Estate Owned | ||||
Real Estate Investment Property, at Cost | $ 8,624,044 | $ 8,861,609 | ||
Rental Properties | 1,381,687 | |||
Real Estate Held-for-sale | 7,242,357 | |||
Loss on sale of real estate | $ (2,134) | |||
Proceeds from sale of real estate owned | $ 371,000 | 370,792 | $ 1,090,236 | |
Impairment loss on real estate owned | $ 25,000 | $ 250,000 |
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- Definition The net gain (loss) resulting from sales and other disposals of real estate owned for investment purposes. No definition available.
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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 from the sale of real estate that is held for investment, that is, it is part of an investing activity during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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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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