(a) If you believe the property you are about to acquire has a market value different than its purchase price, then you can enter a "current value" that is higher or lower than the "purchase price". In most cases your "purchase price" would equal your "current value" at the time of acquisition. If you enter a figure for "rehab costs" you should either 1) add the "rehab costs" to the "purchase price" in determining the "current value" or 2) make an adjustment to the "current value" that you believe reflects the added value of the renovation costs. |