The distinction of Real Estate professional is deriving your income from spending more than xxx hours working in the Real Estate profession.

What lenders are doing is in fact forcing appraisers to use comps that are at times inappropriate for comparison purposes, then making a huge number of adjustments to derive a value.

I am fairly new to Real Estate but no stranger to cashflow, crunching numbers (spreadsheet whore), and observing markets - Derivatives background.Honestly speaking, it took me a while to find a forum as good as this one so kudos to all involved.My interest in real estate is cash flow (buy and hold) and architectural style, which brings me to almost any brick building (federal style, art deco, chicago etc...) and heavy use of wood trim.

It is your job to see through that and to derive a true and accurate financial analysis.

`(II) LIABILITY FOR REPAYMENT- The mortgagor shall agree in writing that the mortgagor shall be liable to repay to the Federal Housing Administration any direct financial benefit achieved from the reduction of indebtedness on the existing mortgage or mortgages on the residence refinanced under this section derived from misrepresentations made in the certifications and documentation required under this subparagraph, subject to the discretion of the Secretary.

The banks would not do it because they said all of his income was derived for residential development.He could have paid cash for the office but like most wealthy people he knows the power of leverage.

If the 'value of your home' which is derived from comparable sales prices, drops by 30%, shouldn't your tax bill?

I'll second the Monday being interesting, the Fannie & Freddie derivatives are being settled that day in an auction-esque manner-could be some people needing to come up with some large cash quick.

The information you are requesting can be found in our educational program, "investing out of state or your own backyard" which also includes forms and checklists which are derived from years of experience, mistakes, education, etc.The forms & checklists CD is the one we often give out at Rosie's events as well as other RE events.

Instead, it is an independent entity within the government, having both public purposes and private aspects.As the nation's central bank, the Federal Reserve derives its authority from the U.S.