Starting out with wholesaling

[Dain Caesar]

Been brainstorming this topic for a while now,... is it necessary to have a  realtor's license to get into being a wholesaler in real estate investing?

[Brian Pendergraft]

You do not need a real estate license or a LLC to wholesale. I've formed LLCs for new investors that haven't done a single deal. I'm beginning to think that aspiring wholesalers should do their first deal and use the profit from it to set up their LLC. Focusing on getting that first deal should be the goal.

That said, what's even more important than having a LLC (at least initially) is to have a purchase and sale agreement and an assignment clause for wholesaling that is lawful to use in your jurisdiction.

Many wholesalers just grab free contracts online without making sure that they comply with their jurisdiction.

Good luck in your journey!