What's your thoughts?

[Lisa Johnson]

I have been doing a lot of research on BP regarding flipping houses and I've come across some topics that I would like some clarity on. First: Regular home owner's policy vs. commercial policy intended for homes that are undergoing major renovations - which policy is better? Second: Flipping houses in my name or forming an LLC. Which is better? I would appreciate your thoughts. Thank you!

[J Scott]

Builders Risk insurance while you're doing the renovations.

As for LLC versus self, this is more a question for a tax and legal professional. Do you have assets to protect? Do you have umbrella insurance? Is there a tax advantage to using an LLC? What state do you live in and what is the cost of the LLC? How are you planning to finance the deal? Etc...