Legal Entities when Flipping Houses

[Ezra Henderson]

Hey guys, I have a question that I would appreciate your advice on. So as somebody that is just beginning to get into house flipping, I’m wondering how (and if) I should set up a legal entity. Some people say not to worry about it at first, while others say that you absolutely have to before you start flipping for liability reasons! I understand that there are pros and cons to both, but I’m wondering what I should do in my situation, so I’ll give you a few details:
I’m hoping to get into house flipping full time in the next six months or so… I’m planning on going all in. 
I am probably planning on paying cash, at least at first, until I start getting multiple projects going at once and will need to finance. 
I tend to be the sort of guy that likes to do things the more safe, legal, and systematic way. 

If you think I should form a legal entity before getting more into this, what type would you recommend?

It seems like most people I've talked to recommend a type C corporation that owns individual LLC's for each flip.

I would really appreciate any advice you can give, thanks!

- Ezra