S Corp question for flipping houses

[Tomas Satas]

So I am thinking of starting an S Corp to take advantage to the tax savings while flipping houses.

Has anybody run into an issue buying properties from either online or live auctions as an S Corp?

Also is all the extra work and cost of maintaining an S Corp worth the tax savings?

Thanks! :)))

[Steve Hall]

@Tomas Satas

The S-Corp LLC is only worth it if you you are making more than $50k-$60k per year flipping house. Otherwise just a straight pass thru LLC is the wise choice. The fact that you are asking these questions tells me that you don't have an accountant, so my advice is to hire an accountant and discuss this with him/her.