Can you create a Corp to flip houses and reinvest the profit?

[Michael Plante]

YES Yes  I know ask an accountant 

It’s Saturday I don’t want to wait until Monday 😀

So could a corporation flip houses reinvesting profits into the next flip to temporarily avoid income tax instead of having to 1031?

Reason is I am on my way to flipping 2 properties per month.  I don’t want to habe to do so many 1031s

So could you set up a corporation buy a house, pay to have it fixed up, sell it, reinvest all the profits And so on?

Finally taking out the profits years down the road   Thereby having more money to buy more properties in the time being

If not are there any suggestions how you temporarily avoid taxes without doing 24 1031s a year?

[Wayne Brooks]

Originally posted by @Aria Azarli:

@Michael Plante talk to your cpa about this, but, look into opening an S Corp. an S Corp is taxed on what is left, not the capital gains. So theoretically you can reinvest your profits into other deals but still get taxed, just a very low amount.

 Not correct at all.....just like for an individual, money spent buying a property is not an expense. An S Corp gets taxed on profit, not just how much money is left in your checking account at the end of the year.