Actually, I calculate everything very conservatively, and I only pursue something if I think I can get it below market value.

Anyone offering loans with an ROI for the lender below an index fund better have a good explanation for why they are doing that.To wit: The 30YF Fannie/Freddie stuff can be down below S&P 500 index fund because Fannie/Freddie purchasing it on the secondary market amounts to a big fat subsidy. 

Similar downpayment of 5% (as opposed to the FHA 3.5%) and the closing costs will be lower. 

I will provide detailed numbers below, but suffice it to say that this property barely breaks even after expenses and has proven to be a worthless use of the significant equity I hold in the property.

If your researching a new market what is a good way to get information on the area (Call PM - Ask them what 2/1 3/1 Rent For, Vacancies, Are fees based on Rent or Flat Fee, Etc).4.Reply below and I'll add it to my List, I meet with him next week so I'll give a run down on what we discuss and notes.Thanks,

For my RE I see refi appraisals close to 10% below what I believe the ARV to be and I know I have a better idea of the ARV than the appraiser because I see his comps and adjustments and I saw all the comps when on the market and know what is wrong with the adjustments.Do you still live in one of the units? 

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Two of the safe harbors that can help you deduct improvements are below:1) 2500 de minimis safe harbor.the safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1)you need to have written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by the invoiceNote: The cost for the Unit of Property includes l additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the property.2) Small taxpayer safe harbor: To be eligible for the safe harbor, the total amount of improvements for the property for the tax year may not exceed the lesser of $10,000 or2% of the property's unadjusted basis.If the total amount paid exceeds the safe harbor threshold, the safe harbor does not apply to any amounts spent during the tax year.

Send a personal message or respond below and we can take it from there.Check out the website here 

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