I Have just ordered The art of wholesaling by Aram Shah and Alex Virelles off amazon.

Art Gutierrez I've heard that S-Corp is better for properties you hold less than a year and LLC is better for properties that you have for more that a year.

Hi BP community!
I have been hearing about VA's in the podcasts and I am thinking about going that route, but have questions about how well they have worked for you all out there...
Can anyone share their experiences...

Hi @Art G.

@Art G.

With the low barrier to entry, you can start off with virtually no money by going to work for a successful real estate team or listing agent.

It's almost like having a bunch of virtual mentors ready to help when needed! 

it was all owner financed so no appraisals , no banks, no inspections other than well or septic.. and sometimes some survey work... and I double ended virtually every deal I ever did.. with commissions at 10 to 15% of gross.. so my net income was a fair bit better than most resi agents in the day..

A lead bank which has:a. sole or primary and virtually exclusive access to borrower information, andb. primary or exclusive control of loan administration and enforcement upon default;5.

My suggestion is to not be too virtual and to be more hands on in the field.