Should I incorporate?
I am just getting started and would like to know how many of you out there are incorporated? Which corporate structure works best when you are primarily interested in flipping and wholesaling? I know there are tax advantages and personal asset protection benefits, but does it help to secure lines of credit or make it easier to get financing for investments?
If you are just starting to invest the answer is generally no. If it becomes your full time business the answer is yes.
Corporations are used to protect your personal assets. Insurance does the same for a few properties. Tax law goes against you if you start doing a lot of properties and they tag you as a dealer.