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Updated over 4 years ago on . Most recent reply

Dom Lombardo's profile image
Dom Lombardo's profile image
Dom Lombardo
  • from Poughkeepsie, New York
  • Member since Jan 19, 2015
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Dom Lombardo's profile image
Dom Lombardo's profile image
Dom Lombardo
  • from Poughkeepsie, New York
  • Member since Jan 19, 2015
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Dom Lombardo
  • Poughkeepsie, NY
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Wholesaling

LLC?

Dom Lombardo
  • Poughkeepsie, NY
Posted
Hey everyone,I have a question. Let's say one person calls and we agree to a deal. I go to my attorney and we close it. Deal done. Let's say I made $10K on that deal. Now what do I do with that money? Can I just put it in the bank? And also would I have to start an LLC if I were looking to make my own wholesaling business?
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Curt Davis's profile image
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Curt Davis
  • Flipper/Rehabber
  • from Memphis, TN
  • Member since Aug 30, 2008
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Curt Davis's profile image
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Curt Davis
  • Flipper/Rehabber
  • from Memphis, TN
  • Member since Aug 30, 2008
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

You dont need an LLC to be in business. That is a matter of personal choice and depending on who you talk to. You an put the money into any account you wish.

Good luck

  • Curt Davis
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