Wholesaling & LLCs

[Kierra Wynn]

Hey! I'm new to BiggerPockets, I'm here in the Hampton Roads area. I separated from the military not too long ago & I plan on getting a start in real estate investing soon - particularly wholesaling to start off. My question is: is it important to set up an LLC prior to finding properties, putting them under contract & assigning them to investors? Should that be the first step prior to moving on to actually getting started with everything? I went to one of the Fortune Builders 3 day seminars & the LLC thing was mentioned quite a bit. I'm just trying to figure out if it would be smart to apply for an LLC and get started in the meantime while everything gets processed or what.

Any help would be greatly appreciated.