Legal structure for flippers

[Haider Abdullah]

Hello BP community!

I run a real estate matchmaking fund: we find deals, get people to invest, manage the end to end process - while buying in cash only (we don’t take any leverage/debt)

We are flipping about 2-3 deals/month and for each deal, we set up a new llc.

Currently, all deals are in Dallas, and based on our current legal advice, we have been advised that we are to set up a new llc for every deal. As you can imagine, along with operating agreements, PPMs and accreditation documents, this is very cumbersome.

Does anyone have a better solution? How do we create a better process so we are not having to do this every time, and note that our flips are only about 6 months in duration: so we then have to dissolve the entity which also has costs.

Thanks BP family - let’s keep growing together!

Haider