Posted by tang-0-rang on March 11, 2002 at 23:56:02:
I think he is trying to convey the fact that the, not-for-profit organization would sell the property to his personal portfolio for $1, and that $1 being paid to him for salary as officer of that organization, thus zero profit. Sounds shady, but who knows, mabe it can be done since all actual profits would be made at the sale, or income from a rental,and again it would be in his personal real estate portfolio which is seperate from the organization. anyway thats my take.
Todd Williamson (CO)