I bought a house in 2011 and lived in it prior to moving out at the end of 2014. February of 2015 I began renting the house. I am trying to determine my cost basis for depreciation. I know that it will be the lesse...
Hi all I have a few questions and hope you can help me along the way. I own a 2 story house in South Philly and it’s fully gutted. I am putting a 3rd floor on and already have my zoning permits and waiting on construc...
Does anyone have any experience converting a two family to a three, or doing major renovations of a two / three family?
It is somewhat town specific but I am having trouble interpreting fire code for automatic sprin...
Good afternoon. If I buy a multifamily apartment complex, am I required to bring it into compliance with building codes? When would I be required - only when I remodel? I know that building codes are a local issue ...
Hey everyone, I will try keep this short and to the point. I'm looking to buy one of the properties I manage. This is a 4 unit building. Rough numbers (still negotiating) 500k sale price. 100k down. 3 year balloon. We...
Hey all,I purchased my first 3 unit multi family in May 2021 that I am house hacking. Everything was going great until my town reached out to me and requested to do a building inspection, which I failed.One of the thi...
Hi everyone!I just purchased a four unit property in the Mt. Airy neighborhood of Philadelphia. The house is currently laid out as a quad (with all separate utilities) and the previous owner had obtained a variance ap...
I have an opportunity to renovate a distressed 3 story retail/office building. Building is 15,000 square- 5000 each floor. 1st floor retail currently occupied. 2nd and 3rd floor unoccupied downtown suburban locati...
Hello, I just recently acquired my first rental property in Pennsylvania and a friend told me I'm probably going to need to install railing. My first question is do I actually need to install railing on some of or all...
I was recently told that constructing a new home has become much more expensive recently due to more and more regulations having to be met by those building the new property. I didn't think that it was something exces...