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 is...

This is my first post, after many comments on BP, so let me know your feedback! A little on this story so you understand the situation. This story started almost 6 months ago. One of the properties I had pre-qualif...

I just closed on my ugliest transaction. Ugly because the listing agent did not supply the documents and information we had requested in the inspection resolution, and when I called to ask for them and tell her we wou...

Our 45 day deadline is 1/22. The net sales amount was ~$5 million, of which ~$2 million paid off debt. A partner was handling the exchange and was considering some replacement choices that turned out to have problems....

Hi All,I am under contract on what would be 8th rental, but have run into something new. After going under contract, I had my usual inspection done, and then submitted formal repair requests to the seller. The respons...

I made my first offer on a fix-and-flip. The offer was made on Tues., March 9 and the deadline was set for Tues., March 16 at 5 pm. The deadline has passed and there has been no response from the bank to the banks rea...

I'm wondering what kind of monetary penalty would be reasonable for a contractor who does not complete a project within the agreed upon timeline. I had one contractor tell me he would never agree to a contract that in...

When I discovered the option to appeal property taxes every year for free, it saved me a very nice sum.  But I was under the assumption for years that In Philadelphia, attorneys are only willing to handle appeals for ...

I need to change my tax filing status from an LLC to SCORP. What date is the deadline to do that in December?  Someone mentioned it’s sometime in December for the 2019 tax year. Thanks 

Hello everyone.I'm trying to breakdown how an IRS 1031 extension notice applies to a 1031 exchange. All help is greatly appreciated. Facts- Property Sale/Closing date: October 21, 2024- Property Location: sold in Miam...