Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 3 years ago on . Most recent reply

User Stats

1
Posts
2
Votes
Tyler Walters
2
Votes |
1
Posts

BRRRR and Wholesaling through an LLC

Tyler Walters
Posted

Hello!

My name is Tyler and I am a 24 year old future investor getting ready to start making my first deals. This is my first post on the forum, but I have been lurking for a while now and wanted to join the conversation. 

I would like to form an LLC to invest in real estate for two reasons: liability and partnership. I am working with my father in the venture and therefore we think it is best to conduct our business through a separate entity. We primarily will be focusing on wholesaling of distressed property and the BRRRR method of investing. My questions are as follows:

1. Can I purchase real estate across the nation using the LLC or only within the state it was formed?

2. I do not have a realtors license - will I run into legal issues conducting wholesaling through the LLC as a business instead of independently even with the right contingencies?

3. Will I need to buy any liability insurance for my LLC if I am only wholesaling low volume at first?

4. Is there any books/podcasts/videos you recommend?

I look forward to hearing back from you all and being a part of this community!

Loading replies...