http://shavell.com/wp-content/uploads/2017/01/Article-Buckets-of-Depn-JF17_65.pdf
What about GAAP?
Sounds fun. Good luck. How many different depreciation buckets are there?
I just know that it's infinitly easier to be the auditor "testing" the numbers, than the accountant actually creating them..
Actually I am on the private side. Although many of my loan convenants require GAAP financials. I have submitted tens and tens of financial reports and all they ever cared about was operating statements and capital activity. So I guess I am a little lucky.
So non of the loan convenants require audited financials.. I would assume that larger deals would require them though. no?
Surprisingly not (in my experience). obviously "larger" is subjective.
Interesting. Larger is subjective... Just curious, what's the largest size that you've seen a bank not require audited?
35MM loan
I hear, can't imagine anything over 50mm getting away with no audit..
Will let you now when I get there!
What do most of you use for Internet Service in buildings? I'm referring for service to monitor Cameras, boilers and the like. Not for tenants or WiFi etc. Getting a Business line costs about 4x the price of what the tenant would pay...
Can someone explain to me why every shmo I know in "RE" says bring me 5% CAP deals and I'll close in no time and you bring them 6% CAP deals and they look for excuses and reasons not to close. I know people are full of it. But the amount of "it" I've recently run into is astounding. What ever happened to keeping your word and doing a deal on the terms you said you would.End rant...
Isn't 5% considered low?