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Updated over 7 years ago,
10 year tax abatement -Philadelphia
Anyone have any experience rehabbing/flipping a property in Philly who applied and was approved for 10 year tax abatement?
I will be doing a 50-60K rehab on a property near 13/Oregon next month and realized I may qualify. I say "may" as there aren't good specifics on the city website about who does and doesn't qualify.
Based off their non specific info it appears I would be fine. I'm doing a partial electrical rewire, updated plumbing, gut and new bathroom, new kitchen, new floors throughout and finished basement.
Appreciate any help in advance.
Thanks!