House Flipper's Corporate Structure

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    Joined: 5 Oct 2009
    From: East York, Toronto

     I am creating my website which has prompted me to consider the structure and target markets of my businesses.
    My 2 major focuses in business are flipping and holding/renting.

     I own a renovation corporation (Stretch Contracting Ltd.) which was opened in 2003 and has been successful ever since, but I no longer use it as I have quit working for clients to focus on flipping/holding houses. Since stopping working for clients in dec, 2010 I have opened a website for people to learn about selling me their homes.

    It's called   www.thehouseflipper.ca     FIRST WEBSITE--- Targets people selling their homes, shows our renovations/ flips.. also I could teach house flipping and advertise that here

     I also own a Real Estate holding corporation (Priority Management Ltd.) which I use to purchase the houses that I either hold or flip.  (inactive income)

    I have learned from my accountant that I should try to separate the "active" income from the inactive income, because they are taxed differently.
     
    So I thought I would have one sophisticated website where I could focus on our hold properties.. ie rental unit advertising, property for sale, info for investors, info for renters etc  2ND WEBSITE

    Anyone care to comment? I know this is a very specific question, but I passed it around the last acre event and couldn't get enough feedback to send me in a clear direction.
    thx, Jeff
    Jeff Reed
    Renovation Specialist
    Real Estate Investor
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