Would you recommend wholesaling without forming an LLC

2 Replies

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.