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Updated over 7 years ago on . Most recent reply
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Flipping Houses Under One LLC
Hey I was wondering what people's thoughts were on flipping houses under one LLC. I know in rentals most people set up a separate LLC for each property to minimize liability, but for flipping houses, since it's so short term would it be okay to just use one LLC?
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You should speak with a tax advisor. If you're only flipping houses, you should probably do so through a single S Corp.
-Christopher