Rental Property Investor · Providence, RI · Member since 2019 · 11 posts · 3 votes
Hi BP Fam,
My brother and I are just getting started in Real Estate and have only done one wholesale deal. This first deal was done in our names but we want to start using an LLC for tax purposes. Based on your experience do you use one entity for all wholesale markets or one in each jurisdiction?
I understand I may not receive legal or financial advice but any recommendations are appreciated.
Good question for a wholesale deal, but for flips we use one LLC per project. In theory, you can use a corporation if you continue to wholesale contracts. I would speak with a tax advisor though.