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Updated about 1 year ago,
Holding flips vs rentals- best entity setup?
Looking to see if anyone has some entity structure advice for my situation. I currently own an scorp that holds all of my fix and flip projects (this comes out to about 20ish flips per year). I have a couple properties right now that my scorp owns and completed a renovation on, but now I’d like to keep them as rentals instead of sell.
I know I need to keep the long term holds separate from the scorp flips but wanted to know what’s the best entity to set up for holding the rentals? Should it be a sub entity of my scorp or completed separate? And how do I go about transferring the properties out of the scorp into whatever new entity I set up to hold the rentals?
Any insight is much appreciated!