Obviously this is a trading forum, but I know several of you are diversified (and it sort of is trading anyways). Does anybody do much flipping of houses? I've just gotten going with it and quickly realizing I am going to have a heck of a tax bill, which is of course still a good problem to have. I'm still working full time, but more than half of my income this year will be coming from real estate. I have only been doing it for like 3 or 4 months, but hopeful that next year I will make a multiple of my regular job income. If that is the case and I can set aside a few years salary, I will contemplate doing it full time if the numbers make sense and if I can benefit enough from the additional time. All comes down to me being able to source enough deals to make that work. Ultimately would like to start keeping some as rentals, but I'm in a cash building phase, trying to generate as much as I can while I can. Anyways, I'm curious if any of you all are doing this how you are structuring it? Whether via an LLC or just under your name. I have been planning to run it through as capital gains if I can. I know part of that is based on intent so that will play a factor. I have a partner in it, we are both invested equally and split it 50/50, but I do all the deal sourcing and handle all the repairs/workers basically everything other than them contributing some labor when working on the house, so that split will probably change if/when we formalize it as a company. I'm probably going to find a CPA specializing in real estate so I can figure out how to minimize the tax bill here. Mainly just wanted to feel it out and see how anybody else was structuring it. Thanks for any input!