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Updated over 7 years ago on . Most recent reply

Zander Dragony's profile image
Zander Dragony's profile image
Zander Dragony
  • from Santa Barbara, California
  • Member since Oct 27, 2017
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Zander Dragony's profile image
Zander Dragony's profile image
Zander Dragony
  • from Santa Barbara, California
  • Member since Oct 27, 2017
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Zander Dragony
  • Santa Barbara, CA
3
Votes |
13
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Rehabbing & House Flipping

Flipping Houses Under One LLC

Zander Dragony
  • Santa Barbara, CA
Posted

Hey I was wondering what people's thoughts were on flipping houses under one LLC. I know in rentals most people set up a separate LLC for each property to minimize liability, but for flipping houses, since it's so short term would it be okay to just use one LLC?

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Christopher Brainard's profile image
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Christopher Brainard
  • Rental Property Investor
  • from Rockwall, TX
  • Member since Jan 31, 2015
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Christopher Brainard's profile image
Christopher Brainard's profile image
Christopher Brainard
  • Rental Property Investor
  • from Rockwall, TX
  • Member since Jan 31, 2015
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Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
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Christopher Brainard
  • Rental Property Investor
  • Rockwall, TX
Replied

You should speak with a tax advisor. If you're only flipping houses, you should probably do so through a single S Corp.

-Christopher

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