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Updated over 8 years ago on . Most recent reply
Best way to form an LLC for wholesaling?
I have just finish up a short weekend introductory course on real estate investing, and decided (like many other beginner investors) that wholesaling would be a great way to get my foot in the door. I am not prepared yet to actually make a deal and will be continuing my education though books, research, etc.
However, I am looking for an actionable step in order to learn more and build up some momentum for myself. From what I know, I think setting up an LLC for future wholesaling use would be a good idea. First of all, is this a good idea for a first step? Secondly, if it is a good first step, what is the best way to set one up for a wholesaling purpose?
I know there are like a million different ways to set one of these up, so thank you ahead of time for you advice.
Most Popular Reply
Forget about all that LLC stuff if you're just starting out. Figure how to get the phone ringing with consistent motivated seller leads. Your deal pipeline is the absolute base of your business so focus on marketing first and get a deal done. All that other stuff can come later.