S-Corp or Land Trust for flipping

[Jeff Stansberry]

Hi Everyone,

I'm looking to get started flipping houses out of state with partners. Before I talk to my CPA, I was wondering what was the most common method for asset protection for flips? I have seen many who use land trusts and others using S Corps. 

I know there are probably pros and cons to both, but I was wondering what the most common method was, and why?

Thanks!

[Joe Homs]

@Jeff Stansberry  I am not a CPA or Attorney, but I use a "Land Trust" to provide me with privacy protection.  Then the beneficiary of the "Land Trust" is my S Corp.  This is a great strategy if you own multiple properties since all the "Land Trusts" have different names it protects me from someone just searching my S Corp which is public records.  Hope this helps, but please do speak with a professional.

Happy Investing...