As a new entrepreneur, it can be difficult to know where to begin. When starting a business, it's important to know which business type will be the best for your new endeavor. Often the question comes up, should I form an LLC or and S Corporation and what's the difference between them? So let's break it down...
An LLC (Limited Liability Company) and an S Corporation (S Corp) are two types of business structures that offer liability protection to their owners. However, there are several differences between the two.
What Exactly Is Real Estate Wholesaling?
Real estate wholesaling is where an individual, the ‘wholesaler,’ acquires a contract from the seller of the property and assigns the contract to an end buyer. The end buyers are typically real estate rehabbers or investors who prefer not to spend time finding discounted properties or negotiating with sellers. Wholesaling is one of the best short-term investment strategies and is a great way to break into real estate investing. Wholesaling does not always require significant capital to get started. However, some cash reserves for earnest money and other costs is recommended. Wholesaling can help real estate beginners learn quickly about the market and gain negotiation skills too.
Wholesalers can make a significant profit by identifying off market properties, signing an equitable agreement with the seller of the property and assigning the purchase contract to an end buyer. By acting as the middleman, wholesalers generate income by helping real estate investors find and close deals. However, there are some things to keep in mind to make wholesaling work. We discuss all of this in our 6Figure E-learning Course on Real Estate Wholesale.
Where do I start?
So many people never get their businesses off the ground, because they just don't know where or how to start. You don't have to have it all figured out... just begin.
So many people are stuck in their 9 to 5 jobs. Every day they show up for work, complete the same tasks they did yesterday and stress themselves out…. For someone else's business.
You only get one shot at this life... do you really want to spend it creating wealth for someone else? If you're anything like me, you weren't made to work for someone else. You weren't created to be an employee. You were designed for so much more. Do you hear this little voice telling you that it’s time for a change? Yep, then this is for you!
It's time to start your own business TODAY! Having your own business is the best way to build something meaningful, build generational wealth and to walk in compete freedom! Now is the time!
Even if you have just a little time or money or experience you can do it! There are plenty of lucrative part-time businesses you can start with little or even no money and experience. You just have to decide that this is it! Now is the time to step out and to begin!
Your legacy is waiting on you! Don't wait anymore. Take that step of faith. You got this! If you need some encouragement and accountability, then let's talk about how to KICKSTART your business or how to LEVEL UP!