Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 3 months ago, 09/25/2024

User Stats

89
Posts
26
Votes
Lilly Fang
26
Votes |
89
Posts

For flip, should I have an LLC or just as an individual? What about BRRR?

Lilly Fang
Posted

1, I just did a flip with a partner. He has an LLC, but I am an individual. The profit will be taxed at my personal tax rate.

What's the benefit of having an LLC to do flip? What I think is that the mileage and meals would become business costs to write off tax.\

2. What about BRRR? Is there any tax advantage to hold it under an LLC?

Loading replies...