Form of business

[Kim Knaust]

I posted this on a forum that was 4 years old after clicking the link on line on a search, so i don't think it will go anywhere so thought it might be better to start a new discussion in regard to types of businesses to form.

The real estate class I was in taught to do rentals as an LLC and flips in a C Corp (said you could build credit better with banks and would protect us as far as liability?). In the old post I referred to I saw a lot of comments about LLC's and some about S Corp's for flipping.....confused now which is best?

Also, they taught for flipping to set up a C-Corp (in a state like WY or NV w/ best tax advantages) and then an LLC in the state I'm starting to work in UNDER the C Corp in WY or NV. I talked to a local state attorney that didn't like the idea of going this far to set up entities like this. What do you all do?

Any advice would be much appreciated!