Legal Question in Real Estate Law in New York
flipping property
when getting into wholesaling properties or acquiring properties to flip to investors, what is the best business structure to engage in? Should I do so as a sole proprietor, s-corp, c-corp or llc? And are there any special laws or regulations that I should be aware of that could affect me adversely?
2 Answers from Attorneys
Re: flipping property
That is a big question. How you should form a company is a business decision that you should make after discussing with an attorney and an accountant. Flipping properties that are shortsales have concequences and buyer with fha and other loans may not be able to get mortgages due to seasoning. You can call me if you want further detail. 212\847\9595
Re: flipping property
We have substantial experience handling these types of cases, however, we would need some more information before making a complete and proper determination. You are welcome to contact us for a free consultation.
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STEVEN J. CZIK, P.C.
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