Real Estate Owned - Additional information (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||||
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Apr. 30, 2021 |
Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
Dec. 31, 2020 |
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Real Estate Owned | ||||||
Real Estate Investment Property, at Cost | $ 7,892,845 | $ 7,892,845 | $ 8,861,609 | |||
Rental Properties | 986,975 | 986,975 | ||||
Real Estate Held-for-sale | 6,905,870 | 6,905,870 | ||||
Loss on sale of real estate | $ (14,962) | |||||
Proceeds from sale of real estate owned | $ 280,000 | 919,014 | $ 1,762,775 | |||
Impairment loss on real estate owned | $ 294,000 | $ 245,000 | $ 319,000 | $ 495,000 |
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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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