Account Closed.

Personally, I hold properties in an LLC (all banking is done with a separate checking account in the business name) and insure for roughly what you have in your first quote @ 100k liability and $5k medical.Not sure who you got your quote from but it seems a little high for the value of the property.  

@Phillip Denny When it comes to IRA, you can convert an IRA into self-directed IRA account or open SDIRA if you're qualified, or in some cases into solo 401k if you're qualified.

Though I would recommend talking to a local bank and accountant for there opinion on how this could work. 

I have accounted for those things.

Account Closed welcome to BP.

Hi Folks, I have a master spreadsheet with all my costs for a flip. I'm confused though as to how to calculate my gross profit. I have considered any and every expense associated with the project, including credit car...

Account ClosedHard money lending and buy & hold when I can find them.

I simply find and finance the properties and assist in sourcing the remodel to sub contractors.My 2017 tax returns were just filed and I was filed as a dealer, but another accountant states I should’ve been filed as an investor.

Traditional housing grew at an average annual rate of 3.8% while manufactured housing averaged out at 3.4%.According to the Urban Institute article, this is the first year the FHFA has released this kind of data on manufactured housing.