Since I am wholesaling should i start a LLC or an S corp and why?
if you are wholesaling, i would think an scorp is the way to go.
that way you avoid self-employment taxes inherit when flipping in an llc. for some good free advice, go to www.nchinc.com and chat with a senior advisor. they work with many investors and seem to know their stuff and can answer specific questions regarding your goals.
the rule is llc=hold and s corp=flip
also, you might consider wholesaling through your self-directed IRA (in additon to the scorp) if you are looking to accumulate tax free income.
hope this helps,
lance