Buisness structure for flipping and buy and hold in CA?

Buisness structure for flipping and buy and hold in CA?

Oceanside, CA · Member since 2018 · 2 posts · 0 votes
Hi, I'm a newbie investor from California and my question is re structure of business. We are looking at both flips and buy and hold for long term Investment and cash flow. What have you found to be the best structure ie LLC's, S corps, B corps etc or do you buy In your own name? What have you found are the pros and cons of different structures in terms of tax etc and does that vary by state? I'm from Australia and have some experience in real estate there but things work differently here so I would really appreciate advice or referrals to articles or a pod cast . Thank you so much!
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  • Specialist · Riverside, CA · Member since 2015 · 6k+ posts · 3k+ votes
    8y

    Your tax rate will likely be the same regardless so if that is the primary reason for considering an entity you might just buy personally. An LLC would be the best for liability and privacy as well as ease of use but if getting loans you may have to personally guarantee the loans.

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