Question: “Do You NEED A LLC To Wholesale Real Estate?”
No, of course not.
Of course you don't need a LLC to wholesale real estate.
You don't need LLC to buy candy or to sell candy, you don't need LLC to trade.
It's just advisable at some point once you start doing deals that you have the proper corporate structure based on your state and in your particular peculiar situation,
...to make sure you have those things in place so that you're protected from unnecessary liabilities, that's all it's for.
LLC has never been a requirement to wholesale deals.
It has been only useful for you to protect yourself from liabilities when it comes down to just running the business.
Nothing particular about wholesale just running a business in general.
If you have a LLC, Limited Liability Company, that's what it means.
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ABOUT YOUR HOST ::::|
Ola "Tux" Abitogun is the Creator of myEmpirePRO and author of Smart Real Estate Wholesaling. He became a FULL TIME entrepreneur in October 2006.
He is a computer engineer and an engineering management graduate from New Jersey Institute of Technology; (NJIT) class of 2004/5. He was born in Dallas Texas and raised in Nigeria by his Nigerian parents. He considers himself a proud Nigerian American.
Today, he is a marketing addict, trainer, marketing and business consultant, real estate investor and all around serial entrepreneur. Most importantly, he is husband and a father. The professional work he is mostly proud of is personally helping 1,000+ entrepreneurs around the world reach greater heights in their careers.
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