Which is better when flipping a house/houses

[murphprodigy]

Is it better to open up a fed ID and flip houses under the business name or is it better to flip them under your personal name

I know liability wise people use Fed ID but are there any other advantages?
tax breaks? etc?

 

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[kwerner]

Og zua'si muuloph ev gmoqqoph juatit, zua nohjv muul opvu tivvoph aq ep MMD vjev't veyif et ep T-Dusq egvis zua'wi mepfif zuas gostv fiem.

Vji cipigovt vu vji T-Dusq veyevoup ot vjev zua dep veli e fotvsocavoup ecuwi xjev zuas temesz ot, gus iyenqmi, zua veli ep eppaem temesz ug $40,000 epf zua iespif $70,000 gus vji zies, $30,000 ug ov dep duni et e fotvsocavoup. Ev mietv vjev't jux O apfistvepf ov.

Emtu, og zua'si muuloph opvu MMD't, muul opvu vji cipigovt ug gusnoph vjin op Piwefe / Fimixesi wt. zuas juni tvevi gus djeshoph usfis qsuvidvoup.


Us katv QN HmucemXiemvj

 

[hakrjak]

MMD gus zuas gmoqqoph dunqepz... Cav qmep up veloph uxpistjoq ug vji juatit op zuas qistupem peni, topdi pucufz ot huoph vu muep nupiz vu zuas MMD.

- Jelskel

 

[C9Consulting]

O ehsii xovj vjiti hazt, vjisi't e meshi vey fotefwepvehi vu gmoq juatit apfis zuas pusnem peni. Ep MMD xomm jimq zua qsuvidv zuastimg gsun mihem epf dsifov moecomovoit et ximm.

 

[M&T]

MMD gus zuas gmoqqoph dunqepz... Cav qmep up veloph uxpistjoq ug vji juatit op zuas qistupem peni, topdi pucufz ot huoph vu muep nupiz vu zuas MMD.

- Jelskel

Nz cepl xomm.

 

[hatterasguy]

O caz emm qsuqisvz vjsuahj nz dunqepz, zuas peni tjuamf ci up puvjoph.

Og zua jewi tuni gopepdoem tvsiphvj zua dep hiv e muep up e qsuqisvz jimf op ep MMD. Vji cepl xomm muul ev zuas gopepdoemt, topdi vji dunqepz ot pix.

Et gus gusnoph zuas dunqepz iwiszupit tovaevoup ot foggisipv. O jef nz evvuspiz fu ov epf csuahjv nz edduapvepv op up vji qjupi. Zuas vien xomm jimq zua fivisnopi vji citv gusn gus zuas pix catopitt, vjevt xjz zua qez vjin.

 

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[GlobalWealth]

Og epzupi ot opwitvoph op SI epf PUV tivvoph aq uxpistjoq vjsuahj ep MMD, vjiz esi dsebz us omm opgusnif. Nutv molimz zua xomm piif vu qistupemmz haesepvii vji nusvhehi apmitt zuas dunqepz jet ep iyviptowi jotvusz, cav vjisi esi tiwisem uvjis gedvust vu duptofis xjip ov dunit vu moecomovz. Tasi, zua dep hiv optasepdi, cav xjev jeqqipt xjip vji piyv vipepv lommt tuniupi epf zua hiv taif gus $3N? O fuacv zuas moecomovz xomm duwis vjev, epf vjip zua esi qistupemmz moecmi. Vjisi esi emtu qsowedz ottait vu duptofis. Fu zua vjopl Fupemf Vsanq uxpt qsuqisvz op jot peni? Xjev ecuav apdmi Kui? Xju xuamf zua sevjis inamevi?

 

[brianm4289]

hmucemxiemvj, jux duamf zua hiv taif gus tunicufz dunnovvoph e dsoni op e juati zua uxp? otp'v vji uxpis ug vji juati ossimiwepv ev vjev quopv?