Chad Kurz

Good friend. Great husband. Better Father.

[Chad Kurz @cpkurz]

You can’t do 100% bonus depreciation on a house. They likely got 15% of the total purchase price, 20% of the “improved” value. So, they offset $225k and over the last 4 years, another $75k. Their basis is $1.2MM and by your math, the property is worth $1.2MM.

If they actually depreciated 100% of the property, the problem isn’t depreciatuon recapture, it’s tax fraud.

[Chad Kurz @cpkurz]

@DevaultBrad @HunkyDoryTX Yes, but if the DST bought the 10 DG’s at a 7% cap rate, it would be equivalent to the buyer purchasing the same deals at a 5% cap rate.

[Chad Kurz @cpkurz]

@DevaultBrad @HunkyDoryTX You buy into a DST for a 22% to 30% premium compared to what they paid for it.

They buy a deal for $10MM, the sell it to the client for $13MM. Instant loss of money.

If it is retail, it’s DG and TSC on flat lease at a 5% cap rate.

[Chad Kurz @cpkurz]

@kylematthewsceo And 80% of the dollar stores

[Chad Kurz @cpkurz]

@kylematthewsceo If dumping $50B in treasuries causes this rise, what happens when we have to refinance $9T this year?

[Chad Kurz @cpkurz]

@kylematthewsceo @LincolnRiley @uscfb Interns and AIT’s before they’re licensed at Matthews they cold call donors? It’d be a great way for them to figure out if they should actually do the job.

[Chad Kurz @cpkurz]

@mcarlson72 And I bet you won’t answer your phone when I do.

[Chad Kurz @cpkurz]

@mcarlson72 Sell it

[Chad Kurz @cpkurz]

@mcarlson72 5

[Chad Kurz @cpkurz]

@kylematthewsceo The kids will be paying for their “free” lunch with 80% taxes when they grow up.

[Chad Kurz @cpkurz]

@kylematthewsceo The irony is republicans thought Biden did well…

[Chad Kurz @cpkurz]

@RealEstateRahul I thought you had a bunch of healthcare deals listed? ;)

[Chad Kurz @cpkurz]

@kylematthewsceo @CushWake And their stock is up 10% in the past month and 41% in the last twelve months.

[Chad Kurz @cpkurz]

@kylematthewsceo Agreed. Just at prices 20% lower than they are today!

[Chad Kurz @cpkurz]

@Matthews_REIS Multiple properties.

[Chad Kurz @cpkurz]

@RealEstateRahul One of the few perks of living in CA and NY is the amount of buyers that you interface with that purchase net lease out of state.

[Chad Kurz @cpkurz]

@tyleralley24 Agreed. 70% of net lease deals have inherently too much risk for far too low of a return. Most ground lease structured deals is where you’re rooting for the tenant to fail or leave.