Which also leads me to second @Tom Ott - turnkey can be a great vehicle, but there are definitely less scrupulous salespeople out there posing as providers that really just search listings and then expect a middle-man cut of the sale without having any long-term skin in the game.

Add to that, Business Automobile coverage for your vehicle, Workers Compensation coverage for yourself, and General Liability coverage. 

For reasons mentioned by Jon and others, holding RE in a retirement account is not the best use of the funds (in my opinion; and Jon Holdman).Notes and trust deed investments (private money) is the best use in my opinion.Also, if you qualify, set up a solo 401k as opposed to the IRA, it is a much better vehicle and there are many posts on BP here where I explain in detail why.

Unless you have a lot of assets (cash, properties, vehicles, etc.) in your name, you don't need an LLC.

I believe that if you take mileage reimbursement, it covers all vehicle related expenses, so you can not get reimbursement for gas. 

Business structure, Accountant, Private Lending, LLC, Partnership, Flipping, W-2, Dodd, Frank, Florida Let's see if I can answer your questions in order.1)  private lenders use various vehicles to lend their money depending on their sophistication.  

Good day everyone, In montreal here as well, precisely in Laval, glad to be part of this amazing team.

Most of our clients are out of state and many are investing with home equity vehicles, like your HELOC, or retirement vehicles, like self-directed IRA's.

They have even damaged other people vehicles getting there vehicle out of the parking area.

Hi Nathan,To be a bit more precise, HMLs will typically restrict the loan amount by way of two key metrics, LTARV and LTC:1.