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All Forum Posts by: Nick Gee

Nick Gee has started 7 posts and replied 11 times.

New Member Introductions

Post: LLC questions , TAXES,ETC NEWBIE QUESTIONS

Nick GeePosted
  • Rental Property Investor
  • ILLINOIS
  • Posts 11
  • Votes 10

hello everyone I finally decided to create an llc for my properties.. I have two single family homes.

STARTED INVESTING ALMOST 2 years ago

ONE IS RENTED, ONE IS BEING RENOVATED (POSSIBLE RENTAL)

I'm holding both in a newly created llc but I'm thinking of flipping one, my question is there a legal way to avoid capital gains ? also I want to purchase another property under the llc name but will this be difficult as a newly established llc ? 

Thanks in advance 

4 Votes