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General Real Estate Investing

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Jackie F.
  • Real Estate Professional
  • Mesquite, TX
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Thoughts on multiple entities??

Jackie F.
  • Real Estate Professional
  • Mesquite, TX
Posted Jun 11 2017, 19:17

Advice please. 
I am planning to start my business wholesaling.. I have worked for a wholesaler so I am not 100% novice.. I do not want wholesaling to be primary for me, My passion is fix and flip.. I love the risk, i love the projects.. I just love flips.. for long term wealth after I build my flip portfolio, I plan to get a few buy and hold properties.. 

How do you go about business entities.. Would you have all separate entities for wholesale fix and flip and then buy and hold? or all under the same entity? 

I am NOT tax savvy, I do not really know the advantages of the different entities or keeping them together or separate..

I do want to talk to an attorney and accountant about it eventually.. but just looking for other opinions now. 

Thanks 

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