Using an LLC to buy a flip in Texas. · Rentals To Riches Free

Using an LLC to buy a flip in Texas.

So we’re looking to use a hard money lender to buy our next property. We want to flip it to build capital. This will take more than one. We’ll eventually use that funding to buy a rental then repeat the process.

I’ve heard that it’s a good idea to use an SCorp and LLC for tax sheltering. Is this the same in other states? What are you doing? If I already have an LLC, do I need another one? The LLC is active and in good standing. But it will not likely be the property LLC beyond the first few flips.

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