I have more free time and my income does not drop to zero if I decide to take some time off.To your real estate agent question.

An umbrella policy is dirt cheap...usually much cheaper than the state LLC annual filing fees...and is much more likely to protect you in the event that something goes wrong.

We have a government that insists on charging one of the highest corporate tax rates in the world, double taxes on capital gains, taxes interest on savings, bails out irresponsible corporations, fights expensive wars in the middle east and decides to put its head in the sand and not create a national energy policy for the 21st century.

i would say you should find a good realtor in your area that knows what is what in this market. i am a agent here in south florida and i can say zero ads work for me. word of mouth is the best and always has been !!

What do I look for in a good commercial policy?

But more importantly, as long as the liability limits on my Home Owner policy are high enough, there isn't a value to an LLC.

I've also heard of 3% as typical. 2) As little as possible, ideally zero.

., price + rehab = 70% of ARV), they certainly won't make anywhere near $80K profit.Assume they get a hard money loan for the $140K and hold for six months.They pay purchase closing costs around $2500.They pay the $20K for rehab.They pay about 10% of the loan in money costs, $14KThey pay insurance, utilities, and whatever else in holding costs, $3K (try pricing a vacant house or builders risk policy.)

Of course I would want to get my own policy to cover the house but in the case of a fire/loss how would that play out?

My investment network offers a "Zero Down, Equity & Cash Flow" Deal on our rehabbed rental homes.