Should you incorporate before your 1st flip? - Posted by Nancy Worsfold

Posted by Mark-NC on July 09, 2001 at 16:45:03:

Nancy,
I wouldn’t make it a priority if your just going to flip. There is very little to no liability risk involved in flipping. I am not telling you what to do but I would however suggest you make sure you are on your way with a couple deals under your belt before go through all the work of setting one up and spending the money.

A couple of the main reasons of incorporating for flipping is for tax reasons and dealership status.

Good luck,

Mark

Should you incorporate before your 1st flip? - Posted by Nancy Worsfold

Posted by Nancy Worsfold on July 09, 2001 at 16:23:59:

I’m a newbie REI, that has taken many Russ Whitney courses and have also done extensive research on this website as well (to fill in the holes). I know I want to start my REI career by flipping properties and need to know, for my own protection, should I Incorporate before I begin flipping properties?