Flipping homes/Rentals in the same LLC?

[Fabian Osorio]

Hello Everyone!

I am new to real estate investing, considering the fact that I have never actually completed a deal or actually got my, "feet wet." I know much information about rentals and setting up and LLC in regards to that specific area of real estate investing, but I have recently gained lots of interest in flipping homes. My question to everyone here on this forum is, can I flip properties and have rentals all within the same LLC?

Please know that I am aware of liability issues and different risks that I am taking by mixing the two areas of investing, but I literally just want to know if its legally possible to mix the two in the same business. If it is, do I need to make changes to an operating agreement that was originally set specifically on the area of rentals/leasing?