LLC vs LLC treated as S-Corp

[Tanya Jayakom]

Hi Everyone!

My name is Tanya and I'm a newbie in RE Market. I'm planning on setting up an LLC for my wholesaling/flipping/creative financing business. I've read some Guru's books talking about LLC treated as S-Corp. And I'm not quite get the differences between LLC and LLC treated as S-Corp.

Here are my questions:

1. What is(are) the difference(s) between these two?

2. Pros and Cons of both?

3. What are the cost of both?

4. Due to my investing purpose (wholesaling/flipping/creative financing), which one I should go with? LLC or LLC treated as S-Corp?

Your answer will be greatly appreciated!

Happy Investing! 

- Tanya :)