Sort of defeats the purpose to get the experience and learn if they don't train you somehow.So, lets just say their projections are correct, somehow.  20 deals is $150k gross wholesaling fee.  10% is $15k. 

You are defeating the whole purpose of LLC for your small business.

This will attract good people and is commonly known as stabilizing a unit.And BTW: selling FSBO to save 6% comission is defeating the purpose; why do you think everyone on BP is hunting for an off-market deal?

This defeats the purpose.

That was soundly defeated at the polls.

I'll bet that is the case as an out of state licensee has no particular knowledge as to Texas laws, requirement or customs, my assumption not knowing TREC regulations.......if there is, then I violated the TREC but they'd have a heck of a time asking Mo to lower the hammer on me.Investors should never do DIY disclosures thinking you're CYAing, most likely you're opening the door to further insight into your knowledge and expertise, your efforts become self defeating, attempting to avoid any responsibility normally associated in business transactions, the more you say the deeper you get.

Wouldn't talking about it defeat the purpose!?

One last question:  So doesn't that defeat the whole purpose of establishing an LLC? 

Suers look for people like that because they know their victim's defenses are weak and easily defeated.

And the whole PM thing just defeats the purpose of sharing knowledge and info.