Hi guys wanted to share some interesting questions asked in telegram with you all here :
1. which co is ur US tax advisor?
2. Are the tokens are backed by real estate or real estate co legally?
3. When you sell the property and/or exit the loan, it will be fully taxed at Real Property Holding Corps level? Then, I assume you will liquidate the co and recognise a gain at the token holders level (which are flew thru to the partnerships LP and GP). Would there be a distribution to the LP and GP to match the tax so that the token holder will only reinvest the rest to the future project?
4. Did the profit calculation and return calculation on white paper and marketing material consider the federal and state tax?
Answers:
1. Our US tax advisor is Dentons. We're also discussing partnerships with both E&Y and Deloitte on Tax, Audit and consulting services post raise. More to come on that once we complete the STO.
2. Tokens represent a LP interest in the Token Issuer which is the sole owner of the Real Property Holding Cos. We do this so we can legally separate loans and properties and account for them accordingly.
3. Correct. Taxes are realized on the Real Property Holding Co level on a property by property basis and paid before profits are reinvested.
4. Those returns include the payment of taxes and all related rehabilitation, listing and sales costs. Those return numbers do not, however, incorporate leverage and financing costs. We intentionally did this to show the asset level profitability without the influence of leverage (which is highly dependent on how much/ little leverage is obtained) .
Don't forget to check out their telegram channel , if you are curious to know more:https://t.me/property_coin