Starting a wholesaling business

[Mark Plesha]

My brother and I are in the beginning stages of starting a wholesaling business. We've been digging through BP articles and listening to podcasts non stop for a little over a year and are planning to jump into wholesaling in the next couple of months. Our plan is to start out wholesaling and then from there, after we've built up enough capital, we will begin investing in buy and hold properties. Having said this, does it make sense to start a basic LLC now for the wholesaling business, and then a new one when we transition into buy and hold investing , or can you restructure the business to get the added protection when you become a landlord. I know we need to take action and get started, but I don't want to create a bunch of problems for ourselves down the line either. Any advice on structuring the business when you're getting started would be much appreciated. Thanks!

[Matthew Brown]

Although there will be many valuable opinions on here, this might be a question best suited for a CPA knowledgeable in real estate investing and/or a RE Attorney. They will be able to listen to all your plans and desires, and give you some sound guidance.

That being said, congrats on your goal setting and good luck!