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Updated 2 days ago on . Most recent reply

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13
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8
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Evan Alexakos
8
Votes |
13
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New to real Estate, is wholesaling bad in Illinois?

Evan Alexakos
Posted

I've been trying to save money to get into real estate and previously did much research on wholesaling; however, when I attended a meetup in Chicago for real estate. I was told that it was illegal and that, in most cases, to be a wholesaler is to be a scammer. That the practice is shady and can hurt the seller of the home. I do not post looking to offend; I am genuinely interested in finding a way to join the real estate business, though I am too low on funds for most other methods. Was that meeting just people being rude to a new investor? Is there a wrong way of wholesaling? How can I get started and do so properly? 

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