QUESTION:
Good Day Adam. Can I do my first deal before I form an LLC? I don’t have $125 to form an LLC at this time. I want to have my first deal completed by June.

My strategy starting out is assigning lease options. Where does a mortgage broker come into place with this strategy? What type of questions should I ask a mortgage broker to find out if he is the type of mortgage broker to fit my T/B’s needs?

Or should I just let the mortgage broker select the T/B that has the best chance to get approved for a loan by the end of the lease?

I hope I didn’t confuse you. I have a tendency to over analyze things.
ANSWER:

It’s up to you to start without an LLC. There’s a lot of investors who don’t have the money for an LLC, just like I did when I started. The LLC is for tax advantages and asset protection. Talk with PPL to see if you can do a deal in your name and then later get an LLC and then write the deal off in the with the LLC. In my eyes it’s not a problem, but I’m not an attorney or CPA.

As for a mortgage broker, I have them prequalify all of my tenant/buyers as they call from the marketing. The mortgage broker can tell you if they’ll be able to get mortgage, when and what to do in order to get one. I do this even on assignments to try to protect the seller.

And no problem with the questions, they’re perfectly alright and I’m here to help as much as possible.
Adam