We took out a HELOC on the property a few years back to do some extensive repairs and we've just now got what we owe on the HELOC paid off

I'll give you a hint; the powers are very extensive, and for good reason.

This extra year gives property owners more time to schedule inspections and make necessary repairs.Key Points:Applies to multifamily properties with three or more units.Covers balconies, decks, and elevated elements made of wood or similar materials.Inspections must be completed by licensed professionals and repeated every six years.Hazards identified must be repaired promptly.With the extension, now’s the time to plan ahead.

I don't have to worry about any eviction moratorium extension.

I have extensive experience there doing about 500 deals , thousands of repairs/ renovations and move in and outsAll the best 

Hi Allen, I have thought about this myself extensively over the years. 

For syndicates with loan maturities after 2030, they even have a shot at making a positive return, and perhaps even a decent one considering what they've endured to get there.Kicking the can down the road:  Owners and syndicators hoping they can kick the can down the road by negotiating loan maturity extensions are likely to be disappointed. 

Proc. 2000-37 and therefore qualifies for extension under Rev.

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

I am completely finished my 2022 tax return (requested an extension) and am at a standstill due to my CostSeg (property placed in service 2022/cost seg done that same year).