On the multi-member LLC, they will consolidate the member's financial data to derive ratios, and they will also evaluate the individual members.

Thank you.Rental vs. vacation doesn't matter that much but I'll make sure the legwork is done for vacation rental so the choice looks that much more appealing.

I make a good chunck of money at acquisition by getting a good deal, then the choice of rehab quality I do at the lower prices I get add even more value to the home upon exit.

So the payment I commit to when I borrow right now is actually less than the number on the loan documents.And with a house, most people have no choice but to borrow.

I'm not buying silver although I own a bit just for a rainy day.Other than real estate, guns are my choice right now...

Needless to say, my day time job was starting to suffer so I had to make a choice, either outsource and scale or go crazy.

It's hard for a new investor to form a relationship that would allow them first choice on the MLS.

When I mentioned that I would eventually move to rehabbing, he did go ahead and quote me for general liability based on rehabbing construction, as well as coverage for any possible accidents while showing a property.I am still in the process of creating an LLC through my attorney, and do plan to carry a decent policy once my agent figures out what to actually cover me for :D FWIW, I mentioned an umbrella policy to my agent since I have seen that tossed around here a bit, but he said umbrella policies are for individuals.

I see the reasoning on an individual basis, but how many flips does it take before you are considered a dealer?

Don't get upset with anyone else but yourself if you made the choice NOT to attend the summit.