Newbie determined wholesaler

5 Replies

My name is Angelo and I am a newbie to the real estate investment game but a veteran in the field of real estate appraisal. I have been working in the industry full time for the past 9 years and still kill myself working 50+ hours a week. I have full mls access with tons of great deals that I have located and I have also compiled a list of investors in my area. My question is should I create an LLC before I make any offers. Lol. I mean I have been watching videos and listening to Podcasts for a long time now but haven't pulled the trigger. What should be my next step be? Thanks

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@Angelo Mart  

Welcome. You should consult with the best real estate CPA in the area develop tax strategies and develop the best legal entity advice for you. Fill in the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul

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