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Updated over 7 years ago on . Most recent reply

User Stats

17
Posts
8
Votes
Kendall Seals
  • Investor
  • Chattanooga, TN
8
Votes |
17
Posts

How to Structure my Real Estate Business

Kendall Seals
  • Investor
  • Chattanooga, TN
Posted

Whats the best way to structure your LLC as a business. I'm starting my own in Chattanooga, TN. I'm looking to do both fix/flip as well as rental properties. Do I need to structure as an Individual LLC or a corporation LLC?

  • Kendall Seals
  • Most Popular Reply

    User Stats

    255
    Posts
    269
    Votes
    Jake Hottenrott
    • CPA
    • Belleville, IL
    269
    Votes |
    255
    Posts
    Jake Hottenrott
    • CPA
    • Belleville, IL
    Replied

    I just had to sprint over to the computer to prevent this from going to far.  DON'T MIX ACTIVE ACTIVITIES AND PASSIVE ACTIVITIES IN THE SAME ENTITY!!!!!!!!!!!!

    Fix and Flip - LLC or LLC taxed as an S.

    Buy and Hold - LLC or held in personal name

  • Jake Hottenrott
  • Loading replies...