New Wholesaler Questions--LLC, etc.

[Marcus Frick]

Hi BP!

Looking to start wholesaling in MN.

And I have many more questions than answers:

Do I form an LLC before I start looking for properties?

Other legal arrangements I need to take care of before I get started?

What are some big red flags in a property?

For those numbers on the DNC list in PropStream, what happens if I call them?

What's your greatest WS success story?

Biggest failure?

Something you wish you had done differently when you were starting?

Thanks!

[Adam Bartling]

Do I form an LLC before I start looking for properties?   -No but having a business allows you to expense and be taxed on less$$

Other legal arrangements I need to take care of before I get started? NA

What are some big red flags in a property?  Wholesaling you NEED to disclose all Problems, hide stuff and you will not have buyers.  Everything is fixable.

For those numbers on the DNC list in PropStream, what happens if I call them? If caught Fines, Big Fines