Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago on . Most recent reply

Is a Business License Required In Order To Flip Houses
I am interested in getting into Flipping Houses and have attended a Real Estate Investment Club in Los Angeles. So far, it has been interesting and I have learned quite a bit. The one subject that has been missing is this: When flipping houses in Los Angeles, I assume that one must have a business license and one must have an IRS tax ID number. I want to know all the legal ramifications BEFORE I actually jump into this. Any suggestion?