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 ...
We recently took a job in CA and had to list our 1905 Historcal home that we renovated for sale in a market that is not ideal for selling a home in rural Upstate New York. Knowing our options were limited we agreed to...
Who are my opportunity zone experts? I have an opportunity to invest in a building/business in an opportunity zone in my hometown. I have some stocks to sell in early 2019 which will fund the purchase. How do I note t...