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Updated almost 13 years ago,
Best structure for flipping
I'm about to finish my 2nd flip and am looking to purchase my 3rd within the next 2-3 weeks. The first two were just purchased and held in my own name, but I'm wondering if this is the best way to do this?
I have rental properties set up in LLCs, and would like to know the best structure for flipping. If I only have 2-3 houses at any given time, is there a distinct advantage (tax or liability) to holding the properties in company rather than my own name?
Thanks in advance for any feedback!