LLC and the Basics for Part-Time Rehabbing

[Brandon Bartoldi]

I am going to be a 50/50 partner with my family member as we begin to rehab and flip houses. We work full time so we plan on only flipping 2-4 homes per year. At first we thought to start an LLC after our first flip, but after looking into tax preparation and personal liability, it seems to make more sense to set up the LLC before the first flip. Would you agree?

If yes, I am trying to figure out the logistics of how this will come together. How would it work since we planned on taking out a conventional mortgage loan since we both have great credit and solid full-time income?