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Updated over 8 years ago on . Most recent reply

DeVonna White's profile image
DeVonna White's profile image
DeVonna White
  • Residential Real Estate Broker
  • from shaker Heights, Ohio
  • Member since Jun 9, 2016
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DeVonna White's profile image
DeVonna White's profile image
DeVonna White
  • Residential Real Estate Broker
  • from shaker Heights, Ohio
  • Member since Jun 9, 2016
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DeVonna White
  • Residential Real Estate Broker
  • shaker Heights, OH
0
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Rehabbing & House Flipping

Benefits of having an LLC when flipping

DeVonna White
  • Residential Real Estate Broker
  • shaker Heights, OH
Posted

Is it beneficial to have an LLC before flipping and rehabbing homes? What are are some drawbacks you've encountered by not having an LLC established?

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Yinan Q.'s profile image
Yinan Q.'s profile image
Yinan Q.
  • Engineering Consultant, Investor
  • from Seattle, Washington
  • Member since Mar 3, 2013
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Yinan Q.'s profile image
Yinan Q.'s profile image
Yinan Q.
  • Engineering Consultant, Investor
  • from Seattle, Washington
  • Member since Mar 3, 2013
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Yinan Q.
  • Engineering Consultant, Investor
  • Seattle, WA
61
Votes |
213
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Yinan Q.
  • Engineering Consultant, Investor
  • Seattle, WA
Replied

The best thing LLC provides you is asset protection. It separate your personal asset from your business.

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