LLC
Hi, just purchasing 2 properties which I plan on doing 1031 exchanges with, my realtor is advising that I set up the purchases into a LLC, so when I sell the state of CA doesnt hold back 31/2 % of profits until my taxes are filed. I am self employed and do quartley taxes. so I am not sure if I would be subject to that, but for this moment lets assume it is so. What is the downside of LLC I guess I am not that concerned about the liabailty protection as I am not holding property long. Just wonder how this will look on my taxes would it be a red flag and is this the right advantage for me?null 
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