Can’t decide between LLC or S-Corp

[Steve Romano]

For flippers in here do you buy using an LLC or an S-Corp? Which is better for tax purposes? I’ve heard you should do flips under an S-Corp and buy and holds under an LLC. Just wanted to get some opinions and why you chose what you chose. I live right outside Philadelphia pennsylvania in a suburb town so if there is also anyone in here that is from the Philadelphia or surrounding area that could point me in the right direction of a good attorney that’s my only missing piece of the puzzle. I have a CPA who also is an investor, I have a contractor, and a real estate agent. Thanks in advance