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May 25, 2012, 07:33:50 PM

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Real Estate Investing Forums  |  Real Estate Investing  |  Bird Dogs, Wholesaling, Flipping Properties Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Do I need to have a business name to do wholesaling? « previous next »
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Author Topic: Do I need to have a business name to do wholesaling?  (Read 656 times)
em0412
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« on: November 13, 2009, 10:54:20 AM »

I'm new to rei and I plan to start with wholesaling. I'm in the process of putting together a game plan. My question is can I do without a business name if I will be starting with wholesaling?

Thanks,
Ed
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scostell
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« Reply #1 on: November 13, 2009, 03:08:12 PM »

The simple answer is no.  Just think about what a wholesaler of real estate is doing.

You are purchasing a house (in a sense) and then selling that house.  Don't need a business name for that.
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em0412
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« Reply #2 on: November 13, 2009, 04:19:03 PM »

thanks for putting that into perspective
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aaronwilliams123456
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« Reply #3 on: November 21, 2009, 09:31:48 PM »

You should wholesale deals in a business entity after a few deals to protect you from being classified as a dealer from the government. But in the meanwhile don't worry about it and go for the gusto. Go luck.
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Real Estate Investing Forums  |  Real Estate Investing  |  Bird Dogs, Wholesaling, Flipping Properties Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: Do I need to have a business name to do wholesaling? « previous next »
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