Daniel C.
Trying To Keep 421a Tax Abatement on NYC Property
I purchased a 3 family investment property in Brooklyn NY back in 2008. I was under the impression that there was a 10 year 421a tax abatement on the property. Turns out it's actually 25 year abatement. Super Lucky ...
Austin Steed
Columbus OH BRRR 11 unit
Investment Info:
Large multi-family (5+ units) buy & hold investment in Columbus.
Purchase price: $285,000
Cash invested: $800,000
Completed an 11 unit BRRR in Columbus OH!
Purchase: 285k
Rehab...
Steven Libby
How does tax abatement affect property values?
How does tax abatement affect a property's value? I'm looking at an apartment in Brooklyn, New York with a tax abatement for 15 years so will that force me to overpay for the property because it has a tax abatement...
Lavada Lindsey
Tax Abatement after buying a foreclosed property
Hi Everyone,I just purchased a foreclosed property in Camden County, New Jersey on Hubzu late last month. The property needs lots of updates but is otherwise in very good condition. As you can imagine the property was...
Account Closed
Cleveland green building standards for tax abatement
Hi, we are starting a house renovation in tremont and intersted in the Tax Abatement program. We understand that the reno should keep the green building standards. Can you advise from your experience? Any tip would b...
Eileen Shi
Are properties with tax abatement in NYC area still attractive?
We checked around those tax abatement properties and found out most of the properties with tax abatement are in Brooklyn and LIC, not in Manhattan.At the same time, we’re aware that there’s a concern about the apartm...
Marc Possoff
How to Find Legal Lot Size to Build
Hi I’m currently completely renovating a house in the Grays Ferry section of Philadelphia which is going good. I also own a vacant lot not too far from the house which I inherited. It’s supposed to be 14x51 / 714 sq f...
Venkat Dabri
Penalities due to late tax filing
This year I was heavily strapped for cash due to a family emergency. I couldn't file my taxes on time and I had to file for an extension. Usually I receive a very large refund but this time I had to pay a huge amount ...
DJ Cummins
So, I am being fined by the IRS. Do I have any options?
Good morning everyone,So last night I got a letter in the mail saying that our business tax returns were never received, and my wife and I are each being fined $195.00. We own 3 different LLC's, and Mailed all 3 retu...
Travis Lauchman
How to Best Abate Taxes under this Scenario?
Hello BP'ers,
I work with a company that does 20-25 row home rehabs a year in Baltimore City. Recently we developed a relationship with a local landlord who is looking to offload some of his rental portfolio....