Posted by Natalie-VA on February 11, 2008 at 05:47:04:
There may be income tax considerations that you’re not aware of. A good CPA could send you in the right direction on this.
Also, on a double close, aren’t you taking title? It might only be for a few minutes, but you will be on title.
–Natalie
Recommend incorporating yourself when wholesaling? - Posted by Lee
Posted by Lee on February 07, 2008 at 23:19:10:
I haven’t incorporated myself yet, but have thought about it and can understand it’s benefits. However, if I’m going to be strictly only doing assigns and double closes, am I providing myself any benefit to doing it under an LLC?
If so, then I don’t see it because you won’t own any property in the transaction, and therefore don’t require the liability protection. Correct?