This is especially easy to do with software, information courses, or other subscriptions that you know you want to keep.A word of caution: Under a 12-month rule, you cannot deduct prepaid expenses that run more than the end of the year following the current year.

-you’ll have over $5k just in prepaid taxes and insurance at closing-you’ll have a 1.75% MIP fee at closing added to your loan balance-you’ll also have about $200/mo in MIPHow many units is this?  

This covered all of my prepaids, reserves, & I even had a little left over to go towards my equity.

This covered all of my prepaids, reserves, & I even had a little left over to go towards my equity.

Other pre-paids like interest beyond 30 days, taxes and insurance are due at closing from you.

Has he told them he prepaid the last months rent plus deposit?

If you have a loan, the lender will require prepaids in escrow -- Insurance, taxes, interest, rents sometimes if it's a rental property. 

Its called prepaid rent. 

This covered all closing costs, prepaid interest, initial escrow, AND left me with a $5k check after close.Normally when you pay points you amortize them over the life of the loan, but I'm having trouble finding information on how to book negative points.

Purchase price: $69,000 This twin sold for a significant discount with a problem tenant that turned their situation around and went ahead and prepaid the next few month of rent.