How could I avoid paying a lot of tax on capital gains through a fix & flip?

[Abraham Berkowitz]

Hi 

I just went in to contract on my first fix & flip in Scranton Pennsylvania, and I am looking for straragies how to avoid paying big taxes for the capital gains, (beside of deducting of the expances).

I heard that if I am buying a property through an LLC and then I am selling the LLC not only the house that could help, but I am not sure how to do it or it's really working, could someone with experience help? Thank you so much.

[Michael Plaks]

@Abraham Berkowitz

I suggest you focus on making money on this deal and not on reducing future hypothetical taxes. 95% of first-time flippers lose money on their first deal once everything is accounted for.