My friend/advisor with more experience says I am being a cheap knucklehead and that the $20k is not relative when you factor the forced appreciation and income/valuation of the improved asset(proforma), but, I think it is math and $20k is always relative and I have my criteria(4.5cap) and was very transparent about it from when I first submitted the original accepted offer, and my DD uncovered several hidden deficiencies that make the credit necessary to maintain my original underwriting numbers and even though I understand my friends rationale, I don't want to give in any more slack(adjusted to 4.4cap), than I already have...What do you experienced multi family acquisition people think?

Even if the unit over the garage was going to be used for investment, you can only take title after the improvements have been made.

Hello all,I recently received a notice that my Hudson County, NJ property's taxes have been randomly increased by over 8k due to improvements made.

When you increase the loan on your primary the cash out portion is not tax deductible in the same way as it was when you bought as the money is not going in to improve that property.2.

Once you have better estimates of income, expenses, and cap rate you can be more specific with your NOI and value estimates before and after improvements.

@Samuel Eddinger I look at CoC return on investment and cash flow as well as how I think the overall investment will hold up in the long term given it’s location. ie is the location going to improve, get worse, appreciate, depreciate.

The rest would be financed.Based on my calculations...IRR of 48% per year; 15yr holding period.Now since I am the source for this deal and will take all the steps from negotiating purchase price etc; bidding to lease the space, negotiate terms of the lease, oversee the tenant improvements etc.So the main thing the partner is contributing is the capital for down payment.Whats a reasonable partnership split for such a deal?

I'm guessing that finding deals is probably a big one in this market, but I'm curious if there is anything else that would make your life significantly easier if it were solved or improved? 

But did the improvement help your home sell quicker than another home?  

It's up to you to choose one.The most common methods are:county assessmentprofessional appraisallocal Realtor's opinioncomparable sales of undeveloped land in the areaYou can also choose whether you apply the $ number or the land/improvements ratio.