To minimize this tax liability, you will want to consider electing sub-chapter S (S-Corp) for the LLC engaged in flipping properties.

I look forward to engaging and networking with you ALL in the future!

Ok, now that you have taken your initial step, below are some quick links to get  engaged. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessREI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.http://www.realestate.com/advice/buying-your-first-investment-property/

As a side note I'm apart of a social marketing business that's been the single most beneficial experience to building my business acumen, social skills, and entrepreneurial mindset.Why I'm here.I written down a few goals I've created to give me a point to shoot towards.  

With inbound marketing, you pull people in with content they want to know about using blogs, opt-in e-newsletters, emails, social media, and website offers.

It doesn't matter how much money a top salesperson can earn if you prefer non-social environments. 

Due to the changes in how one can present opportunities to raise equity or debt through private placement offerings, depending on "who" you target you can solicit funds through solicitations (including online forums such as bigger pockets and social media).  

I'll be actively reading the forums for information. haha  @Mark Nolan I do like the social media connection that BP has to offer.  

I see a lot of investors on BP state that they have came into contact with other BP members in their area or have engaged in deals with them over the phone.

Ok, now that you have taken your initial step, below are some quick links to get engaged. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessREI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.http://www.realestate.com/advice/buying-your-first-investment-property/We look forward to your online interactions.