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Updated about 3 years ago, 11/23/2021

User Stats

67
Posts
28
Votes
Corbett Brasington
  • Rental Property Investor
  • San Antonio, TX
28
Votes |
67
Posts

Fix and Flip in LLC to build capital without tax?

Corbett Brasington
  • Rental Property Investor
  • San Antonio, TX
Posted

My area is experiences huge amounts of very fast appreciation. So much so that the 1% rule and deep dive analysis for on market deals (even far below asking price) dont make sense to BRRR...but many of them do make sense to fix and flip.

I want to build capital to get into multifamily, my goal is income to have the option to quit my job.

Is there a tax structure that would allow me to fix, flip, and keep the profits in the business of which I just roll into the next property so I can avoid ordinary income tax? 

My understanding of 1031 exchange is that its only relevant on rentals....not fix and flip.

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