Flipping Houses Under One LLC

[Zander Dragony]

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?

[Christopher Brainard]

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

-Christopher