Flipping multiple homes w/different partners

[Kelly Stanton]

We have fortunately had an opportunity to purchase multiple homes off market that we plan on flipping. We have multiple investors for each project. Our initial plan was to create an LLC for each project, open a chase business account, and have a separate credit card for each account/project in order to keep the financial stuff tidy. However, after some more thought we realized once we scale this having a separate business account and credit card for each project seems a bit clunky and overwhelming. Does anyone have any experience with this or any suggestions how to better handle?

[Aaron Porter]

having the most efficient structure would be something to discuss with an attorney, tax attorney, and cpa.  There are definitely people here on BP that will have good direction for you to look.  

From my perspective you will probably have to keep separate books for each of your partnerships.  

Make sure to have good written and recorded partnership agreements with your partners.  

and I agree with William Harvey, make sure your insurance is sufficient, comprehensive and current for each of your flips.