I'm sure stumped...

[Josh P.]

I've read that its best to flip houses through an S-corp since money made from flips counts as ordinary income.

Problem is, the only business entity I have is the LLC used to hold my buy and hold properties.

This is mainly because I haven't flipped a single house, and don't intend to until I've added a few more layers to my education.

If I start establishing business credit in the name of the LLC I'm using to hold my buy and hold properties, how will that help with my possible future flipping business?

Should I form an s corp and begin building business credit now even though I have not and may never flip any houses?

What entity should I use to establish business credit if I wish to use it both for my buy and hold business and an eventual flipping business, or should I establish separate business credit profiles for each entity?

Sorry for the length of this post. Any genius insights are appreciated.