Pooshan Kapil | @pooshan-kapil
in Milwaukee, Wisconsin
Posted 10 Months Ago
I am a new real estate investor. Going to start off wholesaling properties in order to build up capitol for bigger, better pursuits in the near future!
I had a question for those more experienced in this area. I am looking to start wholesaling asap but I was wondering if I should first start a LLC with the my partner and operate under a legal business. Or is it better to go out and do your first couple of deals and get the hang of it and maybe not even start a legal business, as long as we're dividing up the work right and splitting up the profits.
Any other tips and advice are more than welcome! Looking up to soak up as much knowledge as possible!
Thank you all!
Pooshan KapilRobert Lawry II | @adminrei
Experienced Investor in Jacksonville, Florida
Posted 9 Months Ago
I would just go out and do deals with no LLC to start. I would also do up a joint venture agreement with your partner. Your partner should have what your weaknesses are, i.e. Money if you don't have money, time if you don't have time.
My first experiences with partners taught me to do things deal by deal and to work with multiple people to JV deals.
Robert Lawry II, CEO & Editor
Rei Media, LLC
Lic # CBC1254563
This topic contains 1 reply, has 2 voices, and was last updated by Robert Lawry II 9 months ago.