hELLO INVESTORS IM BRAND NEW AT INVESTING DO I NEED TO BE AN LLC COMPANY FIRST TO WHOLESALE HOUSES. AND SHOULD I GET BUYERS FIRST TO WHOLESALE TO OR SHOULD I FIND SELLERS FIRST.
No, you don’t need an LLC to start. Most people only get advantages from an LLC when they are working with multiple properties. To be sure, check with a good real estate lawyer and accountant. they can look at your current finances and advise you when you should go that way.
If you are wholesaling or birddogging, it is normally best to find buyers first - then look for properties that work for them.
THANK YOU :bobble
If you are wholesaling and plan on holding the property after a closing for any period of time, you may want to look into doing an llc. There are also some tax advantages to LLC’s and other corps