How To Hold A Rehab?
Hi experienced rehabbers,
I have a property i've tied up under contract and it's such a great deal that I'm considering doing my first rehab with it.
I currently have an S-corp for wholesaling. My question is can I hold this rehab in my S-corp since it will just be for the period of the rehab 3-6 months, and then I will sell. Are there any liablitity or taxation issues that I should know about?
Or B if I tie it up in my s-corp can I transfer it to an LLC (which I haven't yet created)
Thanks rehabbers.
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