Wholesaling is my first step- looking for guidance from those who have done it.
Developer · Chicago · Member since 2025 · 111 posts · 103 votes
Wholesaling is my first step- looking for guidance from those who have done it.
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Member since 2025 · 143 posts · 90 votes
1yHello Eshe,
I hope you're well. That is great to hear about forming your LLC. Depending on your level of activity, we may recommend wholesaling in a subsidiary of the LLC so that if there is any liability that is triggered from one wholesale deal that you can isolate it inside of that subsidiary and close it down without compromising your parent LLC that has the trademark. We would also recommend making sure you have a good Letter of Intent and that it is reviewed to make sure any offers you send out to wholesale provide you the most protection to your position as you try to make deals.
Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.
5 Replies
- Member since 2025 · 143 posts · 90 votes1y
Hello Eshe,
I hope you're well. That is great to hear about forming your LLC. Depending on your level of activity, we may recommend wholesaling in a subsidiary of the LLC so that if there is any liability that is triggered from one wholesale deal that you can isolate it inside of that subsidiary and close it down without compromising your parent LLC that has the trademark. We would also recommend making sure you have a good Letter of Intent and that it is reviewed to make sure any offers you send out to wholesale provide you the most protection to your position as you try to make deals.
Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.- Developer · Chicago · Member since 2025 · 111 posts · 103 votes1yThat was solid advice- I am seriously considering forming a subsidiary under Harveaux™ for wholesaling. I want to make sure I scale smartly. Appreciate you sharing this information!
Quote from @Ghassan Jabali:
Hello Eshe,
I hope you're well. That is great to hear about forming your LLC. Depending on your level of activity, we may recommend wholesaling in a subsidiary of the LLC so that if there is any liability that is triggered from one wholesale deal that you can isolate it inside of that subsidiary and close it down without compromising your parent LLC that has the trademark. We would also recommend making sure you have a good Letter of Intent and that it is reviewed to make sure any offers you send out to wholesale provide you the most protection to your position as you try to make deals.
Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.
- 1yStephen MoralesBusiness MemberJacksonville, FL · Member since 2025 · 402 posts · 205 votes
Quote from @Eshe Harvey:
I just joined BP less than 24 hours ago and I am absolutely loving the energy. I have officially formed my LLC ( Harveaux™), recently filed my trademark and I am currently wrapping up my real estate course, almost ready to take the state final.
Wholesaling is my main entry strategy to build experience and capital. Long-term, I am aiming for investing and land/commercial deals. Would love feedback from others who started in wholesaling- any advice for staying focused and building a strong foundation?
Hi Eshe,
Welcome to BPs! Wholesaling is a great way to grow capital and good on you for getting your license (well, you kinda have to in IL but it's great to have that education).
If there is one piece of advice I could give it's stick to one strategy that you think will work best for you. If it's cold calling get ready to buy a dialer and pull a list of targeted sellers and get ready make calls 6 days a week (unless you plan on hiring VAs to do the calling for you). If it's PPC get ready to have some great ad copy and a lot of money to put into your ads every month.
Whatever method you choose give it a solid 2-3 months for it to really take effect and build you a strong pipeline for leads and deal flow.
If you need anything else feel free to reach out! - 1yZeeshan S.Business MemberSpecialist · Member since 2024 · 73 posts · 31 votes
Hi Eshe, congrats on forming your LLC and diving into real estate! Starting with wholesaling is a fantastic way to build experience and capital. One key tip: staying consistent with lead generation is crucial—whether that's driving for dollars, leveraging SMS marketing, or building strong relationships with local agents and investors.
I’ve been working with wholesalers to refine their strategies for reaching motivated sellers, and I’d be happy to share insights if you’re interested. Keep up the momentum—you’re on the right track!
- Developer · Chicago · Member since 2025 · 111 posts · 103 votes1y
Thank you so much, Zeeshan I truly appreciate the tips and encouragement! I am definitely in the early stages of refining my lead gen strategy, so I would love to hear more about what's been working for wholesalers you have coached. Let's stay connected!
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