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Updated over 6 years ago on . Most recent reply

J.R. Coffin's profile image
J.R. Coffin's profile image
J.R. Coffin
  • Architect
  • from Providence, RI
  • Member since Apr 2, 2018

User Stats

137
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55
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J.R. Coffin's profile image
J.R. Coffin's profile image
J.R. Coffin
  • Architect
  • from Providence, RI
  • Member since Apr 2, 2018
J.R. Coffin
  • Architect
  • Providence, RI
55
Votes |
137
Posts
Buying & Selling Real Estate

Historic Tax Credit Calculations

J.R. Coffin
  • Architect
  • Providence, RI
Posted

Looking at two properties up in Newburgh, NY this week - both 3 families that should cashflow easily. However one is about 100k higher in price with turnkey finishes and grandfathered in historic tax credit. Does any have any rule of thumb figures that could help me analyze this property? Should I just reduce the repair cost by 20% over the life of building?

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