Diane & Trump
Diane
So, Mr. Trump, I hear you're looking to expand your real estate empire, but I think there's a smarter way to structure your next deal.
Trump
Sure, let’s talk, because you’re right—I know how to make big deals, bigger than anyone else. But we need to keep it simple, fast, and most importantly, the most profitable. So if you want to help, bring me a smart structure, and we’ll make it win. If not, you’re just wasting time. That's how we do it.
Diane
I like the drive, but speed can’t replace due diligence. Let’s set up a joint venture LLC, with a 1031 exchange to defer capital gains, then a master lease to keep cash flow intact. That gives you the asset, we keep the tax shield, and we can close in two weeks if you prep the paperwork now. Ready to roll?
Trump
That’s a winning plan, I love it, it’s perfect—fast, smart, and huge. Let’s get the paperwork moving, we’ll close in two weeks and make history again.
Diane
Great, just keep the details ready and we’ll have the docs signed, reviewed, and filed before the weekend. I’ll send the checklist so we can stay on target. Let's make it happen.
Trump
Absolutely, let’s get those details ready. Send me the checklist, we’ll have everything signed, reviewed, and filed before the weekend. We’re going to make it happen, big league.
Diane
Sure thing. Here’s a quick checklist so we stay on target:
1. Identify the target property and confirm ownership records.
2. Draft the joint‑venture LLC operating agreement (membership, capital contributions, profit split).
3. Prepare the 1031 exchange identification list (eligible properties).
4. Create the master lease agreement (terms, rent, duration, maintenance responsibilities).
5. Compile the property appraisal and due‑diligence reports (title, surveys, environmental).
6. Arrange for a title search and insurance commitment.
7. Secure the necessary financing commitments (bank letters or private investor docs).
8. Draft the closing statement and escrow instructions.
9. Prepare the signed copies of all documents for notarization.
10. Schedule a final review meeting with the accounting and tax team to confirm tax implications.
Just fill in the blanks, and we’re set for a two‑week close. Let me know if anything’s missing.