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Updated almost 9 years ago on . Most recent reply

Canetha Amour's profile image
Canetha Amour's profile image
Canetha Amour
  • Contractor
  • from Clinton Twp, Michigan
  • Member since Sep 16, 2013
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Canetha Amour's profile image
Canetha Amour's profile image
Canetha Amour
  • Contractor
  • from Clinton Twp, Michigan
  • Member since Sep 16, 2013
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Canetha Amour
  • Contractor
  • Clinton Twp, MI
0
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Wholesaling

DBA or LLC

Canetha Amour
  • Contractor
  • Clinton Twp, MI
Posted

Is a DBA or LLC needed before you start Wholesaling?

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Bernie Germani's profile image
Bernie Germani's profile image
Bernie Germani
  • Residential Real Estate Agent
  • from Lakewood, California
  • Member since Dec 10, 2008
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Bernie Germani's profile image
Bernie Germani's profile image
Bernie Germani
  • Residential Real Estate Agent
  • from Lakewood, California
  • Member since Dec 10, 2008
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Bernie Germani
  • Residential Real Estate Agent
  • Lakewood, CA
31
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96
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Bernie Germani
  • Residential Real Estate Agent
  • Lakewood, CA
Replied

Canetha,

When I started I did 11 wholesale transactions in my own name, so it's not needed at this very moment. I like John S. comment above. I eventually set up a trust through the IRS ( which is free by the way, and no state fees either at least in California) and S corps will be a great tool as your business grows.

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