Wholesaling LLC

[David Schneider]

Hi BP,

I'm working at developing a marketing profile for a wholesaling business in the Tulsa, Oklahoma area. (keyword rich. =D)

Is it absolutely necessary to have your LLC created prior to doing deals? Is it even strongly recommended?
I know I need to set up a trust and an LLC as my business shelter, but right now it doesn't make sense to spend that kind of cash before I have actually anything to protect.

I'm committed to the long run investing, so I know I will need to do it. But can I wait til I have my first profit?