Hi my fellow Philly investors. I'm currently a realtor/investor in Atlanta but have been considering jumping into the market back in my hometown of Philly. Each time I visit I'm amazed to see how much the city has cha...
Hello BP,
I've flipped about 20 houses in the past 24 months, I'm a big picture person and not organized like I would like to be and I usually have 2 or 3 houses I'm working on at once. I would like some help/suggest...
So there's a 10plex that is 30% occupied and in need of extensive work. The owner wants 450k with only 65K down. There are estimates that the scope of work will be around 100k. A local bank is willing to finance th...
Hi, Want to check if it is OK to use 1031 exchange on the proceeds from selling a rental property (held for 4 years) to fund expansion and remodelling of current primary residence. Please advise.
Investment Info:
Large multi-family (5+ units) commercial investment investment.
Purchase price: $2,065,000
Cash invested: $500,000
INVESTMENT HIGHLIGHTS
Fifteen Spacious Two-Bedroom Units
High-Deman...
I purchased my first buy and hold in October. I till have some documentation to gather before I make an appointment with my tax preparer but I am curious exactly what is tax deductible for this property.Im going to a...
I purchased a home about 5 years ago for $365,000 and today the home is worth $650,000. I'm buying another home and renting out this one. Will my depreciation be based on the purchase price or what it is worth now?
Hey everyone,My name is Joe, I'm 24 years old, was in the military for 5 years, and with the money I saved up I bought my first house in Pittsburgh, Pennsylvania. It was the third house I looked at, but between myself...
I'm looking for some advice on whether I should sell one of my properties. I currently have 3 short term rentals in the smokies. The last one I purchased was right at the peak in March of 2022 and when rates started...
I just got a property under contract in Charleston, SC. The property consists of a duplex and three vacant lots (two are right next to each other, one is adjacent). My realtor has told me a bunch of options I can do...