Newbie Real Estate Investor- interested in Flips

[Ashley Murray]

Hi All,

My husband and I just moved to South Carolina from California and are newbies in the real estate market. We have capital from selling our home in California and are interested in doing our first flip. I'm curious how most people are purchasing the properties? Did you create an LLC and purchase the property through the business? Are you paying cash? Are you purchasing the property in your name with a hard money lender? And how are you avoiding paying capital gains if you make a profit from the flip?

Any advice would help. Thanks so much!