: I am on an adjustable-rate mortgage. Even though my interest rate is skyrocketing, I am still up-to-date in my payments. But recently, I noticed that my loan balance increased rather than having decreased. How did t...

My wife and I have three conventionally financed properties (including our primary residence).  We are in the process of purchasing a fourth, with a fifth identified.  As I understand, conventional financing is genera...

On Friday, March 27, the President signed the massive $2 trillion coronavirus Stimulus Bill (the Coronavirus Aid, Relief and Economic Security [CARES] Act) to provide assistance to workplaces and employees. The law pr...

Hi BP Community,I’m sorry to do this but I’ve been looking for days and can’t seem to decipher all the information I’ve read correctly. I’m trying to determine my tax liability on the sale of a former primary residenc...

Good morning everyone!I think I have a unique situation in that I do not qualify for the de minimis safe harbor election test.  Now the cost of each of my items is below $2,500, however I don't believe I meet the othe...

I know it's a mixed bag hiring off Craigslist. Still, I am trying to hedge my bets regarding certificates of liability insurance for a more skilled but small job. I keep hearing and reading, make sure they have insura...

I recently listened to the audiobook, "Work the System," recommended by @Andy Kaufman at our last meetup, and it gave me some great ideas about setting up more well-defined and documented processes and systems ...

Hello BP community! My name is Guy Bailey and I am 42 years old. Today I am working a W2 as a systems engineer but I am hopeful that I will be able to transition to a replacement passive income within the next 4 years...

I know that I am limited to placing $5,500 per year into an IRA. But it appears that I can still put money in and have it count for 2016 if I do it before the tax filing deadline, right? So can I open an IRA, max it o...

Hi BP,I am planning on selling my house before the 2 year mark. However, I am at about 22 months of ownership. Will I owe capital gains taxes? If so how much and how did you calculate this? Purchase price was $187,000...