Updated about 2 years ago on . Most recent reply
Licensed Contractor Needed?
Hello BP Community!
Getting my feet wet and diving in to learning on all things real estate, and potentially going to start with some fix and flips.
One of my friends said if we buy a home for a flip, we should just buy it under our names, not an LLC, because with an LLC we will need to have a licensed contractor complete the work for the flip.
Is this true? I can see having someone licensed for things like electrical, plumbing and structural - but not necessarily the rest which is primarily cosmetic?
Is doing it via an LLC the best route? Why or why not? Thank you so much for any insight!