Hi how are you guys doing? An investor friend that’s been in the business for 10 years uses his name on the deed for all of his 11 properties, I ask him why don’t you use llc, he said it’s good to use llc for protection, but you pay more taxes on llc when you sell the house. Is that true? is using llc on the propertties you pay more taxes than putting in on your own name? And we are going to be a partner on rehabs and wholesale properties, is it better to use c corp, s corp, or llc or something else? I heard if you want to do rehabs and wholesale I need to use s corp. Thank you for the responses in advance.
aldi c