Posted by Virgil Horner on April 20, 2006 at 23:54:45:
I’m a new real estate investor. And I’m looking for some advice on whether or not I should set up an LLC or some form of a Corporation in order to protect myself from taxes and liability issues. Right now I’m trying to flip undervalued homes. I’ll put a little work into them, and then hopefully turn them around in a couple months. Should I be assigning these to an LLC that I set up? Or what is the best strategy? And any suggested reading? Thanks for any help.