LLC for first few wholesales?

[Eseta Fuiava]

Hi, I was wondering if creating an LLC is necessary before wholesaling my first deals? Or should I wait until I've wholesaled a couple houses? (Which would mean buying and assigning in my own name) I've also heard from others an S Corp is better for wholesaling. Any input appreciated

[Blaine Alger]

@Kevin Paulk

GREAT ADVICE. I was going to say the exact same thing.

The only reason you would need an LLC is for liability reasons in case you piss a seller off and they sue you, tax implications and business banking.

If you aren't generating any revenue yet, no need to worry about a LLC. Go find a deal.

Good luck!

-BA