All Forum Posts by: Rick C.

Congrats on the purchase! What part of town is the property in? Has the work already been done?

Congrats on starting your journey into this next chapter of life, @Jose L Torres! Be sure to network as much as you can; whether it's on BP, at real estate meet-ups, or conferences. You're right, there sure is a lot value that can be derived by learning from other people's experiences!

I used the Environmental Management Group a few years back and had good luck. Here is their website:

http://emgpa.com/

@James Masotti you bet!

Thanks so much for the suggestion, @Alex T. I was not getting far on the phone, but after seeing your post, I went down to the OPA office and they gave me much better color. Long story short, they will likely still reject it, but will also likely still grant an exception if I show up to a brief appeal hearing to explain that I was not aware of the rule. They claim that is how it plays out 99% of time and that the 1% are usually just past offenders that should know better.

Hello Philly Flippers,

I am in the process of applying for a 10 year tax abatement on my recently completed flip and just learned that you are supposed to apply for it in the same calendar year that the permits were issued (in this case 2018). Has anyone made this mistake? If so, were you able to rectify the situation?

I believe Philadelphia still has a ways to go before it, as an entire city, can be considered unaffordable. Sure, the population is slightly growing, but not nearly enough to fill all of its vacant land, abandoned houses, and on top of that, make most neighborhoods unaffordable. The city had over 2 million residents at its peak, so there is still a lot of existing housing stock that could be improved.

To reiterate, I am referring to the city and region as a whole. Of course, if we are only focusing on the 2-3 mile radius of city hall, then the argument for encouraging multifamily could be stronger.

I use someone in Philly who is also a real estate investor. Feel free to DM me for his contact information.

I pay $240 for my triplex. It has always seemed like a high price for something that usually takes under 30 minutes, but I have yet to hear of any company that is notably cheaper.