Fix and flip business -buy and hold tax structure

[Rigo V.]

I am hoping to do fix and flips to generate cash to buy some buy and holds preferably BRRR.

I plan on setting up two business structures for tax purposes.

My question is what business structure would be good for the fix and flip business to operate under so that I minimize my taxes owed but also allows me to refi/ get loans for by buy and hold business. 

[Carl Fischer]

@Rigo V.

Flips in an LLC S Corp as @Brian Garrettsuggested— salary and dividends mix. NJ has some screwy taxes for corps so definitely verify with an attorney/cpa. Salary Deferral and profit sharing should also be available in the business. 

I like my “buy and holds” in an Ira or 401k for the best tax benefits based on my circumstances.