Brand new Investor in KC Metro Area

[Joyce Cain]

Hello Everyone at BP.  I am a new investor in KC learning the ropes.  I have 6 children of my own, 2 step children, and 1 grandbaby with another on the way.  6 are all grown with lives of their own and 2 teenagers at home.  Real Estate caught my eye as a way to make some extra money around the kids' school activities.  

 I have spent the last 33 days educating myself in any way possible. In doing that, I have ran into some "conflicts" that to be honest, have my head spinning.  There is a wealth of information here on BP and I am very thankful for it.  So hopefully, someone out there can help me sort this all out.  I am looking at the wholesaling avenue as most feel this is a great way to get started.  Ok, great.  Then I read information on how some investors got in trouble wholesaling without a license (I don't have one) or "assigning" a contract is the worst thing you can do.  Well if that didn't burst my bubble just a little. 

 https://www.biggerpockets.com/renewsblog/2016/01/2...

Some have said to have an LLC in place before doing any deals to protect yourself and others say to complete a few deals and use the profits to pay for your LLC. I've been advised not to put any property deals in my own name, but to run all deals through my business entity. Ok, so if I need to do a couple of deals to pay for my LLC, how do I do that without using my own name? Another headspin that made my neck hurt.

Any advice or help would be greatly appreciated.