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Results (1,804)
Collin Hays Two fallacies to avoid right now: Sunk Cost Fallacy and Recency Fallacy
25 September 2024 | 8 replies
The psychology of previous investment kills both investors and gamblers.
Gustavo R. Avoid double taxation while flipping in Baltimore but residing in Canada
27 September 2024 | 18 replies
You need to ensure you don't get into a situation where the US is taxing your worldwide income, though in CA there are tax credits to avoid double tax its still not ideal
Alex Boulger Selling Rental with 2 Out of 5 Year Rule
25 September 2024 | 14 replies
The house would be considered a capital asset, so to be conservative, I would estimate 20% of the gain for tax, plus an additional 3.8% for the net investment income tax if your total adjusted gross income (worldwide) is over 250k.
Caleb Raymaker Are there not many Michigan Agents on BiggerPockets ??
18 September 2024 | 11 replies
We have a wide network of investors worldwide, but our business operations happen right here in metro Detroit.
Deborah Wodell How Do You Decide When to Refinance vs. Sell?
19 September 2024 | 44 replies
Most over leveraged owners are like addicted gamblers, they don't believe they have a problem (over leveraged) until the market turns and they go broke/bankrupt.
Account Closed Anyone Investing Based on Climate Change?
16 September 2024 | 37 replies
Cold still kills more humans worldwide than heat, so global warming is good for humans. 
Miguelli Fernandez Final Steps before commiting to my first out of state rental.
13 September 2024 | 50 replies
CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.
AJ Wong 💰 Family offices to surpass hedge funds with $5+ Trillion in assets by 2030
5 September 2024 | 0 replies
Their total assets under management for is expected to top $5.4 Trillion in the next six years totaling more assets than hedge funds.In total, the worldwide wealth of families with private offices is expected to exceed $9.5 trillion in the same time period. 
Emilie Pa Best Retirement accounts for international coast fire
1 September 2024 | 3 replies
You may want to research now how the country taxes different types of investments(Equity, bonds, real estate, etc)That can tell you potentially what investments to have.The issue with potentially becoming a US citizen is that they will tax you on worldwide income.Therefore, if you get the citizenship and move out of the US, you may want to see if you would be exposed to US taxes, whether you will want to move back to the US and if you want to renounce your US citizenship.I agree that if you are not sure of living in the US, you may want to avoid doing items such as having a large balance in a retirement account that may be considered taxable by another country when you retire.Best of luck
Irene G. I have a property in CT but live in CA, where should I open the LLC?
28 August 2024 | 4 replies
CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.