![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/208486/small_1621433308-avatar-michael_plaks.jpg?twic=v1/output=image&v=2)
"For the first $40,000 of your income, the capital gain tax rate is 0%! You pay nothing!"
Fantastic, but what does it actually mean?
If I have no job and sell a property for $100,000 - does it mean I pay nothing for...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/448182/small_1621477105-avatar-ri_neo.jpg?twic=v1/output=image&v=2)
I've read many pros and cons of turnkey esp for out of state or country. In summary, the pros is for maximizing the "passive" portion of rei vs the cons of paying more to do it all yourself (cash or diff to access fin...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/129669/small_1621418274-avatar-troysheets.jpg?twic=v1/output=image&v=2)
So we're a few flips in now and we've only used IKEA cabinets with the soft close hinges. They look good and work well but our contractors hate them due to the assembly time. We're probably getting dinged by the contr...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1445358/small_1621512373-avatar-dennisc124.jpg?twic=v1/output=image&v=2)
AB 2088 establishes a first-in-the-nation net worth tax, setting a 0.4% tax rate on all net worth above $30 million. If successful, Illinois, New York, New Jersey and Connecticut are likely to follow suit. How will th...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/441571/small_1621476804-avatar-joes90.jpg?twic=v1/output=image&v=2)
I have learned that having the right tools can not only save you time, but you can do things you thought were impossible. When I say tools, I am broadly including processes, chemicals, machines, etc. What are some gam...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/wordpress_blog_post/image/19203/1030-web20241021-2-uzpj0p.jpg?twic=v1/output=image/cover=625x330)
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/368546/small_1621447089-avatar-charlesm21.jpg?twic=v1/output=image&v=2)
Hi, BP!Just joined up after being a long-time reader because I finally need to ask: when doing a 1031 exchange, is it realistic to identify and secure 4-5 properties in the 45-day identification period (and abiding by...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1185458/small_1621509991-avatar-flcam2.jpg?twic=v1/output=image&v=2)
1. What Trouble did they case you? Tell the story! Be honest. Some of us will use this information to better ourselves as landlords!!!! 2. How did you resolve the issue, if it was ever resolved?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/622376/small_1621494005-avatar-lloyds4.jpg?twic=v1/output=image&v=2)
Economic Update (Monday, November 30, 2021)
The shortened Thanksgiving week was a relatively quiet period for our econo...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2120945/small_1650915899-avatar-ceciliaa11.jpg?twic=v1/output=image&v=2)
Hi, this is my first post since turning BP Pro a few months ago. I closed on my first rental property, a townhouse in the Canton neighborhood of Baltimore on 6/14. I am using a property manager, and there are listings...