Updated almost 6 years ago on . Most recent reply
Wholesaling in Illinois
Hi all! I am kicking around the idea of setting up systems in attempt to acquire off-market properties in Illinois. If successful, I'd like pick and choose which properties to retain for fix and flip or buy and hold. All of the other properties could (potentially) be wholesaled, which brings me to my question. Recently, I believe, the Governor in Illinois implemented a law that allows only ONE property to be wholesaled per year, unless you have a real estate license. My question is, if I decide to get my license, could I just begin wholesaling, or is it required that I join a brokerage who may or may not (as I understand it) allow me to wholesale?
Thank you!!!