Originally posted by @Cody Lowe :
I’m going to start wholesaling this month. How long should I wait to form an LLC?
If you start making more than 40-50k from wholesaling, getting a LLC and electing to be taxed as a S-Corp will save you on Self employment taxes. (15.3%).
From legal standpoint, You may warrant LLC to begin with.
Analyze you risk tolerance, your life outside RE, your insurance profile , and talk to the attorney to see if you need LLC from legal standpoint.
There's potentially large contract liability in wholesaling; some version of limited liability entity is a wise choice from day one. @Ashish Acharya raises a good point that an S-Corp election may make sense too.