I own a small family real estate brokerage, should I buy flips thru my brokerage LLC?

[Jonathan M.]

I own a small family real estate brokerage, should I buy flips thru my brokerage LLC? I have credit already established and want to make it less complicated. I would be listing and buying the homes for flips but don't know if it's worth using another LLC to buy the homes? Would love to hear some of your thoughts on this. Thanks.

[Shawn Parsh]

Jonathan,

  From my perspective I would say no. I would want to separate the liability from my brokerage business and my real estate flipping business. If you do not already have a qualified real estate attorney and an asset protection attorney I would add them to your team. It may be the same person if they have the given experience and knowledge. In addition, I would discuss what your thinking and what your attorneys advise with your CPA to make sure you have a complete picture of everything involved and how it will effect your bottom line.