Jeffrey Sommer
Variance for Duplex
I'm under contract for a duplex in Port Richmond. It does not have the proper zoning but it is build out correctly. It has separate gas, electric, two hot water heaters, etc. Has anyone been successful in going throug...
Sam Booth
Curb Appeal Ideas?
How would you improve curb appeal? Thinking cut trees down, paint eaves, trim and window frames white. What do you say?
Laura Levine
Need advice for refinancing out of a 5/1 ARM in NJ
Good morning! My husband and I bought a fixer upper duplex in 8/14 with a 5% down FHA 5/1ARM at 3.75% (we are living in one unit). We did a massive reno on it and should now have the 20% equity needed to refinance a...
Thomas Knight
Depreciation questions that are stumping me
1. If you have started depreciating your property (which is based on the asset value not on the land) and you say, get it reappraised or you refinance it do you start the depreciation process over at the new adjusted ...
Vic Delgado
Finding authorized seller for defunct Church, adverse possession?
Hi everyone,I'm trying to find the owner of a vacant property whose last owner is listed as a church. After visiting the state website, the only church listed in that name ended over 9 years ago. I've tried calling th...
Peter Lee
Capital gains or ordinary income?
Say if I entered into escrow on a property, went through entitlements, and put in money to develop the project, and upon successful achievement of entitlements sold the property for a higher price than what I was in c...
Adam Peacock
Open to input - our first rental purchased last week
Investment Info:Single-family residence buy & hold investment.
Purchase price: $329,000 Cash invested: $10,000Bought as rental investment; elective improvement costs incurred to increase rentWhat made you ...
Arthur Schwartz
How is depreciation handled at a refinancing?
Hello! I want to pose a hypothetical example. If I buy a rental property for 200K where land is valued at 50K and building at 150K. then i can depreciate the building at about 3.6% annually or $5455 in dollars. Let...
Chris Sukala
Tenant wants to redo deck with their own money
So we have a couple that wants to redo the deck in the house they are currently renting. They have mentioned the wanted to Purchase the house at one point. We gave them a price but never got back with us, so they are ...
Will Bowman
16 Unit Office Building Purchase
Investment Info:
Office Space commercial investment investment in Cockeysville.
Purchase price: $1,425,000
Cash invested: $100,000
In April of 2021, my partner and I purchased a medium-sized, class B...