Search

Real Estate Agent or Real Estate Investor?

By Bradley S, Dornish, Esquire

The old adage “If it walks like a duck and it quacks like a duck, it’s a duck” might as well be the title of this article, since most of what I am about to tell you is aptly covered by that adage. Real estate investors are often told by experts and gurus that they can engage in activities, or build whole businesses around conduct which, at least in Pennsylvania, is within the description of the practice of real estate, and requires a real estate agent’s license and affiliation of the agent with a real estate broker. Click here to read more »

Is Partner a Four Letter Word for Real Estate Investors?

By Bradley S. Dornish, Esquire

Just  this week, as I have many times before, I had an initial consultation with an experienced real estate investor who had found a partner to help him to expand his real estate investing business a year or two ago, and is now in a costly and time consuming dispute over separation of his and his partner’s interests. In my practice as a real estate lawyer working with investors, I have seen many partnerships last a long time and be mutually beneficial for the partners, and others come apart with explosive force leaving both financial and emotional damage. Click here to read more »

The Tortoise and the Hare in Real Estate Investing

By Bradley S. Dornish, Esquire

In over twenty years of working with real estate investors, and being personally involved in real estate investing for even longer, I have had the opportunity to weigh the advantages and disadvantages of different types of real estate investing.     That review has led me to the almost perfect analogy to the old fable of the Tortoise and the Hare. Click here to read more »

Where Are You Going as a Real Estate Investor This Year?

By Bradley S. Dornish, Esquire

Now that we can close the door on 2012, as we start preparing information regarding our real estate investing activities for our 2012 tax returns, it’s a perfect time to look a little harder at that information and see how we are doing and where we should be going as investors. Click here to read more »

PA Historic Preservation Incentive Act to Spur Renovation of Historic Structures

By Bradley S. Dornish, Esquire

When Governor Corbett signed House Bill 761 on July 2, 2012, the Historic Preservation Incentive Act, which was part of a larger Bill that provided amendments to the Tax Reform Code of 1971, became law. (Pa. Pub. Law. No. 751, Act No. 85, Art. No. XVII-H (July 2, 2012) (available at http://www.legis.state.pa.us/WU01/LI/LI/US/HTM/2012/0/0085.htm). This Act is important for real estate investors who plan to renovate historic buildings in Pennsylvania.  It is hoped that the very substantial tax credit, up to 25% of the cost of a rehabilitation project, up to $500,000 per taxpayer per year, will spur more development of historic structures. Click here to read more »