Can someone please explain what the use of depreciation expense or depletion on a rental property is?  I understand how the number is calculated.  I'm a little unsure of the tax implications and how that works.  It ju...

Hey BP Community, I am still relatively new to the real estate industry at least in the sales side (have been a leasing agent for over 3 years). I wanted some general information that would be important to pass along ...

Hi, if I am a new GP to a syndication. What legal documents should I expect to sign or be responsible for? I understand the operating agreement is a must. Do I also have to have my own attorney review the P&S , Do...

I completed a 1031 exchange in 2023. I understand that PA finally conforms to Fed IRC 1031 eff 1/1/2023. I'm filing my taxes using TurboTax and completed form 8824 for Fed purposes. When I get to PA taxes, I see the d...

Hi,
I need a real estate lawyer in PA who did subject to deals before.  Philadelphia area, Chester county to be specific. 
Please reply to my post and I will reach out. 
Also have a question. If I take over the loa...

Hi,
I am trying to find a best win-win for a distressed landlord who owes about $300k on their house through a VA loan. I want to be sure the options I present are protecting them and myself.
My understanding is tha...

I just started looking into real estate and reading books. I’m located in NYC but I was thinking of looking for properties in PA. I was curious on how to find a good lender to get pre-approved and get an understanding...

Hello. I am a single real estate investor whose Modified Adjusted Gross Income (MAGI) is under $150,000. I have a $50,000 Passive Activity Loss Carryover (PALC) from previous years. I will be getting married later thi...

I'm about to list for sale my very nice, fairly large single family house with a very nice ADU. I used to rent the ADU, although perspective buyers are likely buying a single family home and not thinking of renting. W...

Hi all. Penn State alum here. I was randomly browsing the State College PA Zillow listings and came across 4 studio apartments being sold for $680k. Each collects $750/month and has a $103 condo fee. I've been in this...