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Updated over 2 years ago on . Most recent reply

Jeff Bragg's profile image
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Jeff Bragg
  • Member since Feb 8, 2018
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Jeff Bragg's profile image
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Jeff Bragg
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Jeff Bragg
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Rehabbing & House Flipping

Do I need additional LLC

Jeff Bragg
Posted

I am a GC and a home inspector, we own a construction company. We are just about to purchase our first flip, we are currently renovating our primary as a long term property.

I have received different advise on forming another company for the properties.

So do I need another LLC for all the properties or one for each property?

Thanks in advance.

Jeff

Asheville, North Carolina
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Eric James's profile image
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Eric James
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  • from Malakoff, TX
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Eric James's profile image
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Eric James
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  • from Malakoff, TX
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Eric James
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Eric James
  • Investor
  • Malakoff, TX
Replied

People don't have cash to invest because they don't live below their means. Living below one's means is a more important skill than finding deals or investors.

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