How are flippers / rehabbers reducing capital gains? PMs welcome!

[William Tong]

We're closing on our first ever rehab in Los Angeles! We are currently an LLC and we've heard it's better to switch to an S-Corp for flipping / rehabs. We want to do more flips, but haven't found the next project yet. In the interim, we'd love to know what strategies you guys have to reduce & avoid capital gains taxes. It's not super viable to do a 1031 since we want to keep flipping / rehabbing. Please PM me your strategies or feel free to post If you're in LA and want to learn about what we did or visit the house before it closes, let us know.