I heard that an LLC is no longer the best way to hold Real Estate if you plans to flip. I was told after 4 or 5 flips the government will consider you a dealer. So what is now the best way to hold Real Estate now if anybody know please let me know? :argue
Dealer status has nothing to do with the type of entity.
It makes no difference on flips. All flips are dealt properties: You purchased the property with the intent to resell.
Dealer status only matters if you are selling rental property.