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Updated about 5 years ago on . Most recent reply
Best ways or company’s too create LLCs to flip property’s?
I’m focusing on flipping houses and other investment properties just want too know what is the best way too set up my llc should I do it professionally or my self? What are some of the best websites to use? And if u have any other tips or further information I will definitely appreciate it thanks in advance!
Most Popular Reply
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Before you do that, you should speak with your CPA to see which entity is best for YOU when you flip properties. LLC's, generally speaking, are best for buy and hold, not flipping.
As to setting them up, if you are a single member LLC or sole owner of a Corp, you do not need anything extravagant regarding operating agreements, etc so you can certainly save some money setting up the entity yourself or you can hire a firm that specializes in setting them up. Nationwide incorporators is a good example of one I have used many times.