Starting out as a flipper/investor

[Patti Premo]

Hello, I am Patti and fairly new to BP. Love reading all the different posts and information. Have learned a lot. My husband and I have a few flips under our belts. I just have a few questions to ask on what would be the best direction to go. Those of you that are seasoned investors- how have you set up your business? S corp or LLC. Our accountant suggested S Corp. Bringing on Partners? I.e. With construction back ground and no financial investment, they help with fixing up properties with a small income and then bonus after property closes. I'm working on getting my RE license. And will work at a RE office. Not sure how that will effect our business once it is fully set up. Basically our construction and homes we acquire will be through our business and I'll list them through the RE office. Is this a conflict? Hope these make sense. Happy investing everyone!! Patti