Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated 3 months ago, 09/25/2024
For flip, should I have an LLC or just as an individual? What about BRRR?
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?