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Updated about 11 years ago on . Most recent reply
LLC for wholesaling
Hello everyone,
Im looking into wholesaling as my strategy, with sfr, and small multi-family as my niche. I was wondering if i should get an LLC for this type of business, and will I be able to use the same llc if I decide to switch over to buy and hold?
Most Popular Reply
Originally posted by Maurice Ellis:
Hello everyone,
Im looking into wholesaling as my strategy, with sfr, and small multi-family as my niche. I was wondering if i should get an LLC for this type of business, and will I be able to use the same llc if I decide to switch over to buy and hold?
Im looking into wholesaling as my strategy, with sfr, and small multi-family as my niche. I was wondering if i should get an LLC for this type of business, and will I be able to use the same llc if I decide to switch over to buy and hold?
I would keep them separate. Also, financing in an LLC can be an issue.
What @Ned Carey said pretty much covered; however, I am an accountant.