I am looking to possibly wholesale townhome lots in St Cloud, FL. Is it possible to wholesale under your own name rather than under a company or LLC? Do you need special permits or licensing? Any insight would be greatly appreciated, thanks in advance!
Thank you so much for the in depth response, Dennis! I have a lot to think about. I already have an LLC but it's owned by my IRA. Too many ways to commit "prohibited transactions" so that's not an option unfortunately. Thank you again and have a great weekend!
It's possible. Unadvisable though. You're already operating in a gray area at best, if you do everything right, which is unlikely. You should not be opening your personal name up to the kind of liability that comes with that type of business.