Why we don’t use an LLC for flipping and do everything in our own name

[James McGovern]

Sage wisdom from gurus always suggests having an LLC, but no one ever tells the negatives of using an llc

1. we often acquire properties via foreclosure auctions which come occupied.. when we go to court for eviction, you can indicate that you "intend" on living there and the court will tend to be less generous to letting the occupants stay longer. I I also removes the requirement to hire a lawyer if you have an LLC

2. many suppliers give discounts when an individual moves to a new home. I frequently receive 20% off coupons from the big box retailers 

3. when it comes time to sell, many buyers real estate agents will do homework on the current owner before making an offer. Some will see when it is owned by an LLC will indicate to their buyers that this might be a low grade flip and put the fear of risk into them. This is avoided when it is in your individual name

[Jay Hinrichs]

Quote from @James McGovern:

@Stuart Udis not lying in court. I am the owner of property and don't have to hire a lawyer which is required if I was an llc

realtors will look to see who owns a property prior to taking buyers for visits and they will signal that right or wrong that houses owned by Llc are flips

I suspect telling the judge you intend to owner occ when that is a blatant lie could get you reprimanded pretty seriously if someone file a complaint against you.. I would not publicly admit that strategy is one that you use.