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Updated over 6 years ago on . Most recent reply

User Stats

32
Posts
9
Votes
John Dreher
  • Investor
  • Lehigh Valley PA
9
Votes |
32
Posts

Form an LLC for flip in Philadelphia?

John Dreher
  • Investor
  • Lehigh Valley PA
Posted

Hey BP, I'm looking for advice on my first deal that we just got under contract. It is a flip, and basically I'm wondering if I should form an LLC for this deal. I know of investors that will form an LLC for every house they flip. I am part of a 3-way partnership and feel like it would be smart to do in order to keep everything organized, especially finances, and of course liability issues. Anybody have advice on a fast, inexpensive way to form a simple LLC in PA for this? Any help is much appreciated.

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