Prorations at Closing: Taxes, Rent & HOA (365 vs 360 Days)
This lesson is part of the course
In this lesson
You prorate unpaid property tax with the actual-day and the 360-day method, split the June rent and refund the unused HOA dues, and say who is credited.
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Lessons in this course
- Commission Splits: Broker, Agent, Co-op & Graduated Rates Locked
- Area & Price per Square Foot: Irregular Lots, Acres & Sections Locked
- Property Tax: Assessed Value, Exemptions & Mill Rates Locked
- Prorations at Closing: Taxes, Rent & HOA (365 vs 360 Days) Locked
- Loan Math: LTV, Monthly Payment & Discount Points Locked
- Qualifying Ratios: Front-End & Back-End DTI Locked
- Appraisal Math: Sales Comparison, Cost & Income Approaches Locked
- Investment Returns: Cap Rate, GRM & Cash-on-Cash (Chart) Locked