w*********g
发帖数: 30882 | 1 美国后面将要面临的另外一个巨大问题（组内讨论稿） (2011-05-31 23:16:32)转载标
签： 财经
文章来源http://www.niwota.com/submsg/5788837
Alt-A和option ARM或将引发新一轮金融危机
次级抵押贷款危机（简称次贷危机）之后，Alt-A和选择性可调整利率贷款（
option ARM）将是另外两颗等待引爆的定时炸弹。
美国住房抵押贷款市场可分为三个档次，优质(Prime)贷款面向信用等级高的客户(
信用分数在660分以上)；次级（Subprime）贷款通常指信用分数低于620分，收入证明
缺失，负债较重的人；而Alt-A贷款介于两者之间。
对于选择性可调整利率贷款来说，买房者在最初几年只需要每月按揭支付非常低的
利息（如1%），人们给这种利率取了个名字“引逗利率”，因为等到2年、3年或者5年
之后，重新设定利率时，买房者每月还款会大幅增加，甚至上涨数倍。
Alt-A和选择性可调整利率贷款的利率正开始大规模调整，而现在它们的违约率已
经非常惊人。Alt-A和option ARMs贷款的违约率最终将和次级贷款一样高，达到50%，... 阅读全帖 |
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u****d
发帖数: 2578 | 2 当然这次又不是真的。狼真来的时候，一定是打枪的不要，悄悄地进村。A 股今年夏天
要大涨。
China Failure to Grow With $1 Trillion Is Warning to Li: Economy
By Bloomberg News - May 30, 2013 China’s economy is proving less responsive
to credit, escalating pressure on Premier Li Keqiang to strengthen the role
of private enterprise.
The government’s broadest measure of credit rose 58 percent to a record 6.
16 trillion yuan ($1 trillion) in January-to-March, when gross domestic
product gained 7.7 percent, compared with 8.1 percent a year earlier... 阅读全帖 |
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c*****g
发帖数: 21627 | 4 give me a break, stop your bullshit
1. 全世界的媒体是掌握在霉国疣太手里的，波音是米疣的，但协和不是
所以波音比协和有更大的话语权。
同样是摔飞机，波音的飞机2014年掉了N架了，你看有公众质疑波音的安全吗？
再看看协和，尼玛当时的媒体恶炒此事要多high有多high
再比如，同样是火车出轨，2011温州动车事件的中国和西方霉体的炒作程度，
能和同期日本火车出轨，加拿大油罐车出轨相提并论吗？
2. maintenance高是真的，但说因为油价上涨就破产完全不着边。
这种新客机，研发的amortization和制造的depreciation才是大头
换句话，就算油价翻番，总票价的相对涨幅反而没有普通客机那么高
operation |
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a*******g
发帖数: 1221 | 5 电话面试，一个美国英语，另一个应该是明显的中国口音吧。
题目很简单，给一个字符串写出所有的permutation，我几分钟写出来了，就是一个简
单的递归搜索，总共不超过30行，我用c++写的。结果面试的老中没看懂，让我拿例子
讲一遍，我拿个简单的例子讲完了他还是看不懂。我当时蒙了，我说好，我再给你写一
个版本的，我就把一个终止条件展开写了，具体我忘了。大概就是把他不明白的地方重
写了一遍，结果他还是没看懂。我当时有点纳闷，不至于啊，我于是写了第三个版本，
用一个set保存所有已经搜索过的词，他终于看懂了。
然后最傻逼的事发生了，他大概好像说了你前两次都没写对，第三次写对了，具体我忘
了。草，当时我就火了，我说我前两次写的是因为你看不懂，你怎么能说是我写错了呢
？我前两次写的效率高，还简洁，是你看不懂。。。
然后就开始讨论效率，他说你这个效率低，你用一个vector x，x[i]的访问是O(n)。。
。我当时听到后不知道说什么，我顿了几秒，vector的random access是O(1)的啊，这
是我从小就知道的啊，难道真有我不知道的？不对啊，即使这个vector是dynamic
re... 阅读全帖 |
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S**C
发帖数: 2964 | 6 Net income, yes.
Operating income is before tax, interest, but after subtracting
depreciation and amortization. |
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q******s
发帖数: 7469 | 7 所以说除非大规模经济危机才会暴跌。现在贷款买房的人至少是有还贷能力的。如果不
丢工作，也会有还贷能力。尤其中国的房贷是直线amortization,越往后月供就越低。 |
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w*********r
发帖数: 42116 | 8 在老板们把资产分完之前，是不能倒闭的。Sears的Gross Profit是正的，说明sears是
挣钱的，但是net income是负的，operating expense特别高，payroll，sales
commissions，benefits and pension，amortization，depreciation这些。我估计
sears的高级管理层还是赚很多钱的。等他们没法把资产变现了，就倒闭了。 |
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b********n
发帖数: 38600 | 9 (Bloomberg) -- Air Canada has removed the Boeing (NYSE:BA) 737 Max from its
schedule until January pending regulatory approvals, joining Southwest
Airlines (NYSE:LUV) Co. in scrapping plans for flights of the jetliner into
2020.
Canada’s largest carrier said the grounded jets will reduce capacity and
curb earnings growth in the third quarter, even as the company posted profit
that beat analysts’ estimates for the second quarter.
“The impact of the Boeing 737 Max grounding will be felt more acute... 阅读全帖 |
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k**f
发帖数: 372 | 10 There are some mistakes in this example.
Few people will pay off a house mortgage in 5 years, even if they are afford
to do so. See below.
了15万！
If the house is sold at 700k, the house owner did make a paper profit of
150k. But he did put 550k in, so the house can hardly be 白拿.
In fact, the buyer will be more profitable if he just pay the minimum
payment for the mortgage for 5 years and sell the house.
400k mortgage at 6% interest rate amortized over 30 years, the monthly
payment is about $2400 |
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m*********a
发帖数: 3299 | 11 This is true. 97% of small business owners have income less than $250K. I
pay zero federal tax but have to pay state tax because the state I am in
limit the loss (not true loss but amortization) deduction from the income. |
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l****z
发帖数: 29846 | 12 By GINA CHON And SHIRA OVIDE
Microsoft Corp. MSFT +0.11% is investing at least $605 million in Barnes &
Noble Inc.'s BKS +51.75% Nook digital-book business, as the software giant
pushes deeper into the e-books business and props up a rival to the iPad and
Amazon's Kindle.
Barnes & Noble's stock jumped around 100% in pretrading on news that
Microsoft was investing $300 million in their Nook e-reader. Gina Chon
reports on Markets Hub.
From humble beginnings to a bookselling behemoth, Barnes & Nob... 阅读全帖 |
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l****z
发帖数: 29846 | 13 http://online.wsj.com/articles/shire-gets-revised-abbvie-takeov
AbbVie Nears $54 Billion Shire Deal
Deal Would Be Latest 'Inversion' Play
By Hester Plumridge
connect
Updated July 14, 2014 2:13 p.m. ET
LONDON—U.S. drug maker AbbVie Inc. ABBV -0.02% is close to clinching
a deal to buy Dublin-based Shire SHPG +2.23% PLC for more than £
31 billion ($53.6 billion), in what would be one of the largest so-called
inversion deals through which U.S. companies are seeking a lower corpo... 阅读全帖 |
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f*******y
发帖数: 8358 | 14 你又撒谎，wisconsin现在欠了一屁股债
from bloomberg
Wisconsin to Skip Debt Payments to Make Up for Walker’s Tax Cuts
Bloomberg) -- Wisconsin Governor Scott Walker, facing a $283 million deficit
that needs to be closed by the end of June, will skip more than $100
million in debt payments to balance the books thrown into disarray by his
tax cuts.
The move comes as Walker, 47, mounts a 2016 bid for the Republican
presidential nomination, and while his state is under stress from a
projected shortfall that could e... 阅读全帖 |
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z*****y
发帖数: 554 | 15 企业投资是投资的设备厂房人力，这些都是通过operation cost，depreciation，
amortization来抵税的。企业基本都是靠欠债和发股票然后去投资的。有什么正儿八经
的企业依靠long-term capital gain除了fund以外？请科普一下？
什么“对付投机，禁止高频交易，不允许做空”，这是典型的左派over-regulate，
over-governance的手法。人家高频是交得ordinary rate好不好？为市场提供了
liquidity，帮助实现efficient market。做空也是有效的挤泡沫手段，预防经济危机
功不可没。这些都是右派崇尚的市场经济的精华所在。你不会是Bernie Sanders或者
Elizabeth Warren的支持者假扮的右派吧？ |
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L*********4
发帖数: 883 | 16 Capital gain说法不多。
但是堵住了loan interest deduction的Loophole。
Companies paying the corporate income tax would face a limit on how much
debt they can deduct from their taxable income, a significant change for
highly leveraged companies like banks. They could only deduct interest worth
up to 30 percent of earnings before interest/taxes/depreciation/
amortization. But real estate firms would be exempt from that limit.
貌似也算是deleveraging的一个举措。以前大公司交税很少的原因里面这个可能是最大
的比重。 |
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D***n
发帖数: 6804 | 17 你能再搞笑点吗？3%的年利率实际缴2万5。
网上有Amortization Table，自己把数带进去看看。
什么Jumbo Loan什么ARM什么refinance cost之类的我还没摊呢。 |
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f**********n
发帖数: 29853 | 20 这二十五点主张是纳粹上台前的要求。当然没有全部实现。
和苏联不同，纳粹并没有一个贯彻始终的经济和政治主张。然而他还是一样的偏向于政
府干预。在经济学的定义上，不是全盘公有化才叫左派，政府动辄干预经济，干预的后
果就是需要更多干预，这也是左派。
这是奥地利经济学家米塞斯讲纳粹对经济的控制。
The second pattern [of socialism] (we may call it the Hindenburg or German
pattern) nominally and seemingly preserves private ownership of the means of
production, and keeps the appearance of ordinary markets, prices, wages,
and interest rates. These are, however, no longer entrepreneurs, but only
shop managers (Betriebsführer in the terminology of the ... 阅读全帖 |
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D*V
发帖数: 3096 | 21 发信人: wayofflying (小破熊), 信区: Military
标 题: 美国后面将要面临的另外一个巨大问题 (2011-05-31 23:16:32)转载标签： 财经
发信站: BBS 未名空间站 (Sat Jun 18 13:22:33 2011, 美东)
美国后面将要面临的另外一个巨大问题（组内讨论稿） (2011-05-31 23:16:32)转载标
签： 财经
文章来源http://www.niwota.com/submsg/5788837
Alt-A和option ARM或将引发新一轮金融危机
次级抵押贷款危机（简称次贷危机）之后，Alt-A和选择性可调整利率贷款（
option ARM）将是另外两颗等待引爆的定时炸弹。
美国住房抵押贷款市场可分为三个档次，优质(Prime)贷款面向信用等级高的客户(
信用分数在660分以上)；次级（Subprime）贷款通常指信用分数低于620分，收入证明
缺失，负债较重的人；而Alt-A贷款介于两者之间。
对于选择性可调整利率贷款来说，买房者在最初几年只需要每月按揭支付非常低的
利息（如1%），人们给这种利率取了个名字“引逗利... 阅读全帖 |
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v******i
发帖数: 2228 | 22 这个是Amortization。
用个excel，输入
=pmt(0.009/12,60,1000,0)
需要解释细节吗？
monthly |
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v******i
发帖数: 2228 | 23 不是不是
当然不是每个月都按10000算
是递减的，但是这个叫amortization |
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v******i
发帖数: 2228 | 24 你再看看贷款协议
看看有没有提前还款的penalty
而且你并没有付掉36个月的利息啊
amortization的算法是你要为所有的outstanding balance付利息
置顶的文章里有excel，你自己先玩玩 |
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r******o
发帖数: 1530 | 25 I heard next gen xc90 will come in 2014.
xc90 is a cash cow for Volvo, the cost to initiate a new model can be
amortized over >10 years, part of the reason why Volvo is not motivated to
redesign it, I guess. |
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T********e
发帖数: 8631 | 26 Get a amortization table and you will see exactly how much interest and
principal you pay each month. It's mostly interest in the beginning. |
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z*****s
发帖数: 428 | 27 我自己的车贷以及我知道的车贷是这样的
利息是每天都在产生 按照你当前的本金来计算 你每次还款 首先把产生的利息还了 再
还本金 所以说 如果due date是15号 due amount是300块钱 你在5号还300块钱 就有更
多的本金被还 相对之后的利息也少一点点 结果可能是最后一笔不用还300了
但是我有朋友说 他的车贷不是这样 月初月末还都一样 这个我没见过 不评价
详情请google amortization schedule |
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w******z
发帖数: 1872 | 28 根据CNN 如下报道， 美国汽车市场现在是供给远远大于需求， 大家可以使劲砍价，
呵呵
Why are carmakers stuffing dealers' lots with inventory?
http://money.cnn.com/2014/01/30/autos/channel-stuffing-cars.for
摘要： Jackson's worst fears have been realized: The industry is hooked.
Despite 2013 being the best year for auto sales since 2007, automakers
entered the year with nearly 3.5 million units of unsold stock and are
expected to build as many as 1.4 million additional light vehicles in the
month in January, traditionally a slow month for ... 阅读全帖 |
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N********n
发帖数: 13236 | 29 Paul Lienert and Marilyn Thompson Reuters
8:40 a.m. CDT, April 2, 2014
DETROIT/WASHINGTON (Reuters) - General Motors Co in 2005 decided not to
change an ignition switch eventually linked to the deaths of at least 13
people because it would have added about a dollar to the cost of each car,
according to an internal GM document provided to U.S. congressional
investigators.
The U.S. House Committee on Energy and Commerce released the documents on
Tuesday as lawmakers asked CEO Mary Barra why GM fai... 阅读全帖 |
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B*Z
发帖数: 7062 | 30 我尽量根据事实说话，看完发表感想，不要跑路。
Paul Lienert and Marilyn Thompson Reuters
8:40 a.m. CDT, April 2, 2014
DETROIT/WASHINGTON (Reuters) - General Motors Co in 2005 decided not to
change an ignition switch eventually linked to the deaths of at least 13
people because it would have added about a dollar to the cost of each car,
according to an internal GM document provided to U.S. congressional
investigators.
The U.S. House Committee on Energy and Commerce released the documents on
Tuesday as lawmakers asked CE... 阅读全帖 |
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d*******1
发帖数: 58 | 31 上周末lease了一个328i (2014)
light/premium/tech/driver assistant package/pedal shift
sports line
MSRP 50x00
用了7个msd
后来Due at sign ~1050
Monthly payment 468（tax incl）出来的
合计下来amortized monthly 是 485左右所有东西全部都包了
其实还可以再往下砍的或者看看528（觉得528太underpower,至少要535，而且我们无孩
，家里还有suv,528觉得太大没有用）
不过符合我们要求的不多（一定要tech/light package）而且imperial blue颜色的车
本来就不多（觉得白的灰的太普通），再加上太座喜欢(本来就是给她买的，step up
from Mini），而且湾区stealer太牛逼哄哄，实在不想和他们多打交道，所以就从了 |
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c*********9
发帖数: 229 | 32 the correct way of buying those trucks is for business use. IRS has
policy that you can use to amortize the trucks cost in a very short
time. that is why f150 and other big trucks very popular in USA.
if you buy it for family purpose, it is not the right way. |
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p****4
发帖数: 517 | 33 mortgage interest, management cost and repair cost can be deductible. house
and improvement can be amortized. you can Google this topic, lots of hits. |
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k******i
发帖数: 228 | 34 在网上做了些功课。感觉下面这些内容对本版其他一些象我这样的 beginning online
seller 应该有些帮助。所以贴出来供大家参考。对于 small business,使用 cash
method 记账。有 inventory 就报，没有就不报。原文见“https://turbotax.intuit.
com/tax-tools/tax-tips/Self-Employment-Taxes/Reporting-Self-Employment-
Business-Income-and-Deductions/INF12031.html”
Reporting Self-Employment Business Income and Deductions
Self-employed taxpayers report their business income and expenses on
Schedule C. TurboTax can help make the job easier.
Schedule C: Consider income, expenses and vehic... 阅读全帖 |
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t******n
发帖数: 93 | 35 看有网友问，在这里简单介绍一下，方法有三。
（1）最简单的是用Excel自带的模板。具体如下：New->Template->on my Computer...
->Spreadsheet Solutions->Loan Amortization. 在此template输入相关信息即得每月
贷款情况。还可以计算提前付款。缺点是没公式，锁了。
（2）用Excel的公式做（1）的Table，见附件偶的模板。如果贷款超过30年，可拷贝公式继续计算，但注意记住在summary里改总和公式。
（3）用Excel的公式计算各个月的贷款情况
PMT：计算每月应付款（包括本金和利息），PMT(年息/12,年数x12,贷款额)
例如 PMT(0.06/12,30x12,1000)
IPMT：计算第N个月付款中的利息部分，IPMT(年息/12,N,年数x12,贷款额)
例如 IPMT(0.06/12,4,30x12,1000)
两者相减得该月所付本金
当然也可以用financial calculator 来算。偶用的是Texas Instruments BAII Plus,好象就二三十刀，跟broker聊的 |
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b****e
发帖数: 460 | 36 一般来说，好多时候GAAP并不反映一个企业的真实运营状况
比如有的盈利有的亏损还有有的资产一时没法反映在GAAP里面
但是大多数情况是
打哪指哪
也就是说如果算上了depreciation或者amortization或者其他东东就不盈利了
所以只好不算这些了
所以就有所谓的EBITA什么了
WB说过"yardsticks seldom are discarded while yielding favorable readings,"
but when readings are unfavorable, "a more flexible measurement system often
suggests itself: Just shoot the arrow of business performance into a blank
canvas and then carefully draw the bull's-eye around the implanted arrow." |
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n******n
发帖数: 12088 | 37 But main stream economists dare not to count rent-seeking cost in the
official article, lol.
Also, the land cost is fixed and easily amortized if the build has many
floors. 10-floor to 20-floor, land cost may not halve, but reduction of 40%
is very likely. |
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b****e
发帖数: 460 | 38 Warren的那段原话
“You can live a full and rewarding life without ever
thinking about Goodwill and its amortization. But students
of investment and management should understand the nuances
of the subject. My own thinking has changed drastically
from 35 years ago when I was taught to favor tangible
assets and to shun businesses whose value depended largely
upon economic Goodwill. This bias caused me to make many
important business mistakes of omission, although
relatively few of commission.
Key |
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s********n
发帖数: 1962 | 39 The biggest reason is you can access certain funds in 401k that you
cannot get in as individual investor in IRA. For example, there are
funds which require a very high initial investment, or there are
funds that have simply closed to new investors.
Another reason is that you can take personal loan against your own
401k. Although it's an amortized loan, it gives you some kind of
flexibily to take out the money and spend when you really have to.
401K |
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f*****g
发帖数: 15860 | 40 这个不是什么行业规则，月供是一个固定值，是为你支付时方便(而不是强加给你的)，
早期利息占比重大，本金少，是因为你本身的贷款额也大(自己算算，或者拿个
amortization schedule一看就明白)。并不是说银行设计了一个早期赚足了你利息的圈
套来“害”你，而后期就“慈悲”了，而少收你利息。而不是refi好象又钻进了下一个
“圈套”...
而月供你爱多付多少付多少，付得越多，本金下降越快，总利息越少，这个基本点你要
明白，信用卡minimum payment也是一个道理。
你现在的情况，refi后(假设no point, no fee)：
1)选择每月按1000的新月供付，那么貌似总的利息是多付了(假设前后利息差不够大)，
但是同学，你这20万可是又多借了30年，而不是现在剩的X年啊？！！！更何况你每月
省出来的1000，是没有用的？？
2)选择还是按原2000的月供付(不增加任何额外负担)，你自己算，两种贷款方式，哪个
总还款时间短，哪个总利息少？
3)选择按更多，比如3000的月供付，道理同2，效果更好。
说到底，refi只不过是银行之间竞争的结果，前后只不过是同样的贷款额... 阅读全帖 |
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t**********h
发帖数: 2273 | 41 大牛，查一下你得PM吧。我前两周正好在和我的partner聊准备上apt complex，我们聊
一下吧，可能的话，我们合作一下。
多谢。
我看你的描述，做apt complex，似乎是先seller take note back？10 year
amortization
? interest only? 5 year end ballon? 然后提高NOI，再times cap rate，去local
bank refi？那你的out of pocket money，比如down + rehab cost，是怎样来？
seller financing? hard money or private money?还是 partnership搞？LLC，LLP？
but
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j***1
发帖数: 158 | 42 for this particular complex, I paid retail pricing, 2mil dollars, private
seller, assumed mortgage, 5% down, 5 year renewable term on 15 years
amortization.
5% of 2 mil, less tax credit and prorated rent and tenant security deposits
transferred, out of pocket is 59k, annual scheduled rent is 300k and we
collected 305k for year 2014.
deals are everywhere, you just have to look harder, and it doesn't cost
anything to ask.
right now we are closing on a 64 units complex (complex under court
appoint... 阅读全帖 |
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y****i
发帖数: 778 | 43 For tax software, Turbotax>HR block>Taxact. EY tax guide is good as a book,
but most people only need look at followings and search IRS for details:
http://www.ey.com/US/en/Services/Tax/Ernst-and-Young-Tax-Guide-
1
Accounting fees for tax preparation services and IRS audits (chapter 29)
2
Alcoholism and drug abuse treatment (chapter 22)
3
Amortization of premium on taxable bonds (chapter 29)
4
Appraisal fees for charitable donations or casualty losses (chapters 25, 26)
5
Appreciation on property... 阅读全帖 |
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y****i
发帖数: 778 | 44 For tax software, Turbotax>HR block>Taxact. EY tax guide is good as a book,
but most people only need look at followings and search IRS for details:
http://www.ey.com/US/en/Services/Tax/Ernst-and-Young-Tax-Guide-
1
Accounting fees for tax preparation services and IRS audits (chapter 29)
2
Alcoholism and drug abuse treatment (chapter 22)
3
Amortization of premium on taxable bonds (chapter 29)
4
Appraisal fees for charitable donations or casualty losses (chapters 25, 26)
5
Appreciation on property... 阅读全帖 |
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j***n
发帖数: 1471 | 45 应该打回去学习一下amortization table是怎么算的。 |
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j***1
发帖数: 158 | 46 we as small landlords, all knowing that Fannie Mae only allow up to 10
mortgages per SSN, so husband/wife may own up to 20 mortgages, which
translate into 20-30 units.
this is the 1st bottleneck all small landlords must face, how to break thru
that? creative financing by seller carry back is one way..
this project, 13 units, all duplexes, purchase price 425k, 7%, 5 year term
with extensions, amortized over 20 years, out of pocket 42k + 23k in
renovations.
12 month after closing, we are collectin... 阅读全帖 |
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s********u
发帖数: 1054 | 47 今年的利率上涨了些。我拿到的local bank in house loan ( 5 yrs balloon, 15 yrs
amortization )
利率是5.375%.
另外 black rock 旗下的 B2R 給地主提供不需收入证明的贷款，利率在6%和8%之间。
最重要的还是要有cap rate 好的deal。 |
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s********u
发帖数: 1054 | 48 今年的利率上涨了些。我拿到的local bank in house loan ( 5 yrs balloon, 15 yrs
amortization )
利率是5.375%.
另外 black rock 旗下的 B2R 給地主提供不需收入证明的贷款，利率在6%和8%之间。
最重要的还是要有cap rate 好的deal。 |
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s********u
发帖数: 1054 | 49 可以找你当地的小银行 （ community bank, regional bank) 咨询一下。 他们比较灵
活。 大银行的商贷部门对我们贷的这点钱还看不上眼。
商业贷款利息比 conventional mortgage loan 利息高一些， 半个百分点到一个不等
。 一般是 ballon loan , 比如3年期， 5年期， 7年期。 到期需要 做 review决定是
否 renew （ 给我做贷款的 LOAN OFFICER 说如果按时付款，没有把房子又去抵押，
到期一般RENEW。） 3年（ 5年， 7年）期间 还款的话可以选择 15年／ 20年
amortization 不等。
商贷的坏处上面已经说了， 好处就是放贷很快， 审核远没有 传统的 MORTGAGE 严格
。（ 放贷快对抢 DEAL 很有好处。） 想做到一定规模， 走商业贷款是迟早的事。 |
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z****e
发帖数: 2024 | 50 来自主题: JobHunting版 - 一道面试题 Actually, this reminds me that there is another problem saying:
use two stacks to maintain a queue, for Dequeue() and Enqueue(a) operation
with amortize O(1). |
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