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Updated over 5 years ago on . Most recent reply

Direct Mail in Illinois - Can I Still Send?
I was back in Illinois a couple weeks ago and built up a driving for dollars list. My intent is to send these people a letter and BUY the property myself and flip or do the BRRRR method.
With the new law about wholesaling, can I still send direct mail?
I am out of state and not licensed as a Realtor in any state.
Most Popular Reply

The law limits a non-licensed broker to 1 wholesale deal every 12 months. While I think a double-close may avoid the new requirements, ultimately, I think they’ll figure it out and it will no longer be a work around to the new law.