The best part about wholesaling is that there is almost no risk (except the $10 deposit)As far as social/sales skills: When most of us start out in this business we have zero skills.

Zero percent debt is not really debt, just delayed payment.

You might have a high tolerance for debt.

I'd like to add that there are virtually (0) zero stated income loans available.

Dwight,I just took a look at your profile - ZERO deals.

An LLC can add some liability protection, but so does an insurance policy along with an umbrella policy.

When they are satisfied that the title is clean they will issue a title insurance policy, which you absolutely should purchase.

I don't think it's so terrible, you just have to have a back like a duck's (-;, and be consistent in your decisions and policies.

I have gotten deals where the seller is providing zero interest financing.

In many states, single member LLCs do not provide this kind of protection.If you are the only member of the LLC the court can and often does seize assets from the LLC to enforce a judgment.The best way to protect yourself from personal liability is...1) Don't screw people2) Maintain liability insurance - an umbrella policy is very cheap.YMMV of course.