S Corp vs LLC for flips

[Lauryn Meadows]

Hey all! I'm wanting to get into multi families but I need some capital to do that. My thought is to do flips to fund multi families in the future.

Do you guys suggest an LLC or a S Corp for house flipping? Should I set this up before my first flip? Also, do you guys prefer LLC for buy and holds? Can I have an LLC for rental properties and a S Corp for flips or is that going to complicate my taxes? My husband and I will be going in as partners in whatever entity is appropriate.