Setting up LLC for real estate newbie flippers (Most Important Advice For Beginners). Should You Get an LLC For Your Real Estate Business? Maybe… maybe not. When getting started in real estate for beginners this is one of the most asked questions. Knowing the pros and cons of an llc will give clarity for a beginner investor who wants to either buy rental properties, wholesaling or fix and flip. In this video, George McPherson, a real estate investor and coach, explains what’s an LLC and how using an LLC for flipping real estate can have its advantages.