Forming A LLC

Comments(6)

• 
  NewKidinTown218th December, 2004

  What is your investment approach -- buy and hold for income, or, flipping for profit?

• 
  T-Joe18th December, 2004

  flipping for profit at first and then holding

• 
  NewKidinTown218th December, 2004

  As a general rule, flipping for profit is best accomplished in an S-Corp that has you as an employee.
  
  As a general rule, holding for rental income is best accomplished in an LLC

• 
  T-Joe18th December, 2004

  What are the tax advantage by chosing one over the other

• 
  Fishbowl13rd January, 2005

  What would be some reasons for forming an LLC for rental properties?
  
  Thanks.

• 
  far_hunter7th January, 2005

  Another question,...I've already formed an LLC for REI and am a beginner. I've already closed on a house that I will flip in March to jump start my capital. Would it be more advantageous to focus the LLC around managing investment rental properties and continue flipping under my own name?
  
  Is there any tax disadvantage to doing this?
  
  Thanks!