All Forum Posts by: Jorge Diaz

First time in the home flipping business. If I purchase a fixer upper and flip it do I have to pay capital gains for the profit or can I just reinvest it on another property and not have to pay capital gains if I am constantly buying and flipping. Someone told me that I would only pay capital gains on the last property I buy if I don't buy another property within the period I would have to get the next one. Any help is appreciated. Thank you in advance. 

I'm new to real estate investing and just secured a HELOC. I wanted to ask if anyone recommends opening an LLC. Our plan is to buy, rehab, and sell properties—would an LLC be necessary for this strategy? I appreciate any advice. Thanks in advance!