Corporate Entities for Flippers - Posted by K

import · February 14, 2005, 9:05am

Posted by chet on February 14, 2005 at 22:12:33:

would you mind commenting as to why?

import · February 14, 2005, 9:05am

Posted by K on February 14, 2005 at 10:05:17:

I keep reading that investment property goes into LLC’s and flipper properties into a C corp. I’m not sure what the tax advantage of a C corp would be for flippers assuming Deal Status.

import · February 14, 2005, 2:33pm

Re: Corporate Entities for Flippers - Posted by Bill Bronchick

Posted by Bill Bronchick on February 14, 2005 at 15:33:12:

You assumed correctly. S or C corp is preferred over LLC for flippers, although if you are doing only a few flips a year, it won’t really matter.