Reducing Flood Insurance CostsFlood insurance can be a major cost factor, but there are ways to lower it:✅ Elevation Certificate: If the property is built above base flood elevation, insurance premiums can drop significantly.✅ Flood Vents & Mitigation: Adding proper flood vents and elevating utilities can help lower premiums.✅ Private vs.

The reason there is a chase for the new drugs (ie profit $$) is because you can't patent natural cures.Most problems we encounter in the medical field are self inflicted by what we eat and drink.

One thing to consider with flipping is that you can take the profits from the flip and invest them passively.

We chose this area and home because of the redevelopment in the area, increasing values, proximity to major venues like Lucas Oil and Gainbridge Fieldhouse.

I also suspect the vast majority of lenders will take exception to your mom being the 1st position lien (look up strategic default).

Hi Will in Chicago-Congratulations on having a paid off rental with 500K in equity.You are wondering what options may be available to put that equity to work and you are not interested in buying another traditional rental.One suggestion I would offer is to put some of the equity to work by becoming a private money lender partnering with an investor that would split the profits with you on short-term projects.You could turn that money over and over into the next project getting a higher return than the trapped equity and getting a lien position on the project property to protect your downside investing in a fairly passive way.To Your Success!

I was thinking of selling 1 house and taking some profits, but I have become aware of the following federal taxes1.

Quote from @Scott Bloom: You can get a commercial grade policy from major carriers where they lump the risk across multiple properties into one policy, reducing your premiums.  

We chose this area and home because of the redevelopment in the area, increasing values, proximity to major venues like Lucas Oil and Gainbridge Fieldhouse.

I look for distressed properties to get better profit margins How did you find this deal and how did you negotiate it?