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Updated over 4 years ago,

User Stats

229
Posts
202
Votes
Miller McSwain
Pro Member
  • Investor
  • Colorado Springs, CO
202
Votes |
229
Posts

Moving property from S-Corp to LLC

Miller McSwain
Pro Member
  • Investor
  • Colorado Springs, CO
Posted

Are there any costs associated with assigning a property from an S-Corp that I own to an LLC that I own?

Ultimately, I want to build a rental portfolio that creates long-term wealth, but I think I am going to start by flipping and wholesaling. Once my business is great and finding deals and rehabbing, I will start keeping some of the best deals as rentals.

My question is, what is the best way to move properties from one entity to? I've heard that S-Corps are best for businesses like wholesaling/flipping and LLCs are best for rental businesses. So can I have an S-Corp responsible for:
1. Finding deals (direct marketing mostly)
2. Getting properties under contract
3. Wholesaling or flipping those deals
Then can I have an LLC (or multiple) that the best rental deals get transferred to after the S-Corp gets the contract?

  • Miller McSwain
  • Loading replies...