Paying Cash for Houses

[Lisa Johnson]

Hi everyone,

I am meeting with my investor tomorrow and we are going to discuss setting up an LLC for our flipping business. With that said, since we will be paying cash for the houses and repairs, should we buy them under our LLC or in our names and then transfer to the LLC?

Please note that once we rehab the property and sell it, at the end of the year our LLC will issue a 1099 for each of us.