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Updated almost 5 years ago on . Most recent reply

User Stats

26
Posts
9
Votes
Brandon Kmiotek
  • Rental Property Investor
  • Buffalo, NY
9
Votes |
26
Posts

wholesale company or real estate company???

Brandon Kmiotek
  • Rental Property Investor
  • Buffalo, NY
Posted

I need an opinion:

Do I create an LLC that is solely for wholesaling such as We Buy Houses LLC or do, I create a general LLC for all real estate services such as Lakeshore Realty LLC? And do wholesale deals under Lakeshore Realty? (I made up these company names as examples)

I want to aggressively begin doing wholesale deals however I know in the future I will be doing all aspects of real estate. Should I have 2 separate LLCs? What are the pros and cons of both?

My goals in real estate as of now are:

  1. Wholesale 1 deal a month
  2. Acquire more rental properties (I have one 4unit)
  3. Potentially start a property management company to run my units and others
  4. Maybe become a broker in the future? I will be a real estate agent within a year
  5. Do a flip in the next year

Thanks for your help everyone!

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