What entity should I create?

[Sidney S.]

Hi everyone!

My husband and I are planning on jumping in to the Chicago market and are pursuing fix/flips. We are having trouble deciding which entity(LLC, S-Corp, land trusts, etc.) to create and are looking for advice. Now, we realize that you may/may not be attorneys but maybe if you guys could shed some light on what works for you, that would be fantastic.

Oh, and just to give you some background this will be a first-time flip and we already have an LLC in Georgia for a buy/hold property.

Thanks in advance for any and all advice!