Is it worth creating an LLC just for wholesaling?

[Bryan Sturman]

I'm not sure if it would be more beneficial to keep all money earned from wholesaling properties separate from my income from my everyday job. Just looking for some advice on what the better play is with that.

[Steven Foster Wilson]

Originally posted by @Bryan Sturman:

I'm not sure if it would be more beneficial to keep all money earned from wholesaling properties separate from my income from my everyday job. Just looking for some advice on what the better play is with that.

 The first and best option is to get a CPA part of your team, they'll know better about your specific situation.

For my agent business here in Ohio, my CPA set me up with an S-Corp, has my pay coming through payroll, and says the additional income I can take as an owner draw. Overall, it will save me about $5-$20k / year in taxes.