;Hi guys,A house that we owned for over 40 years (original price 80k) now is worth 3.5m....we wanna sell and buy in a neighborhood close by.... But we found out that we will get taxed 32% capital gains on the sale. Th...

I rented out one of my properties a couple months ago. I vaguely remember that I thought there was central air in this one because I had glanced at the thermostat and it had a "cool" option (yeah, they all start to bl...

I just watched a video online of someone explaining why he would never flip a house. He basically said the reason is because if you flip a house it is considered ordinary income tax + self-employment tax which ends up...

I'm curious to hear opinions on this article. When I first read it it seemed very persuasive, but runs counter to RDPD I believe.

http://www.edelmanfinancial.com/education-center/articles/1/11-great-reasons-to-carry-...

Hello all,My buddy introduced me to the Bigger Pockets podcasts about a year ago. I am not one to put myself out there without all the facts so I have held back from posting and communicating on BP, despite every podc...

Hi all, Wife and I are looking to buy property to rent in the next few months.  Would like to get some help on the plan forward, we are very new and risk averse.   Here is what I am thinking.  Looking for a house or d...

I know this is a very amateur question, but I don't understand how exactly equity is actually used in (or helps in) obtaining more properties.

For example, investors typically buy at 70% of market value, less repairs...

Someone sent me this email so I wanted to post it less as much of the political spin as I could subtract as possible to get a sense for how much of it is accurate. Here are taxes that will be coming for 2011 accordin...

I have a personal finance scenario where I'd like to know what other people would do if they were in my shoes.In January 2021, I'll be about 18 months away from being completely debt-free (I'm currently renting for $1...

About 3 years ago my Wife's 85K IRA was making mediocre returns and we decided it was time to use it for real estate, which we understand far better than stocks. We converted it to a ROTH and took the tax hit in a ...