The IRS has provided a safe harbor for certain structural modifications to a building that are not treated as a demolition and thus, not properly chargeable to the capital account with respect to the land on which the building is located.

Months supply of inventory is 7.8 with 73.3$ Change Year-over-Year.As we bid farewell to February 2024 let us carry forward stories of perseverance, progress and the unyielding vitality of Miamis real estate market.

Once you've shortlisted potential properties, research local zoning regulations and schedule physical viewings to confirm modification potential and overall condition, considering bringing along a contractor for a preliminary assessment of conversion feasibility.

However, many may argue that being hands-on (with management, not necessarily with repairs) with your first investment property is vital.

There are loans that have been in loan modification, or bankruptcy, or probate or divorce or in litigation, or falsely conveyed.

Local Grants and IncentivesIt's vital to fully investigate the Philadelphia real estate market, comprehend local laws, and maybe consult with local real estate experts before implementing any approach.

I am building modifications to two adjacent hangars (7200 sqft).

There are a lot of wholesalers who are buying lists of properties in foreclosure / default and do not realize this in many states is considered predatory.As taxes and insurance increase along with homeowners having equity, states will start to catch on to this and my guess is start going after more of these wholesalers.It will be an easy win for them as most wholesalers act as brokers illegally (do not do double close) and do not let the homeowner know all the options available to them (modifications/ bankruptcy), they are out to solely benefit in their behalf which in itself is predatory

Sometimes a bad run can happen on 1 or 2 properties so I always stress the importance of building a large portfolio especially when investing in sub $100,000 B or C class properties.The likelihood of 1 or 2 properties being vacant within such a portfolio is quite high so it's vital to own 5-6-7+ properties.While the others are performing, some won't and at the end of the day it will level out the portfolio for a decent cashflow return. 

Lenders would consider modifications in loans or bridge loans, but this is a case by case scenario.