Updated over 4 years ago on .
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Which legal entity to use for flipping
My wife (a realtor) and I have structured our entities so that we have a partnership on top, below that several LLCs, and each LLC has one or more rental properties. Used to have five rentals, now down to three.
We now want to start fixing + flipping.
When you purchase a flip, are you buying it under a separate LLC and using that entity for all the legal/deed/transaction stuff?