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Updated over 1 year ago on . Most recent reply

User Stats

19
Posts
7
Votes
Jared Anderson
  • Houston, TX
7
Votes |
19
Posts

What is the best business entity to have a fix/flip business under? Tax advantages?

Jared Anderson
  • Houston, TX
Posted

I will present this same question to a lawyer but just so I have an idea going into that meeting please help me with the following question.  

What is the best business entity, for liability and tax purposes, to have a fix/flip business under?  

Are there certain strategies flippers use to get the best tax breaks?  I am aware of the 1031 exchange, I was curious if there were more.

I am in Houston, TX for location specificity.

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