All Forum Posts by: Peter Thirawankanok

I am also looking at out-of-state markets. It is my understanding that I would be governed by the laws that said property is located. Is this correct?

Hello Bigger Pockets Universe,

My question is regarding the legality of wholesaling. I would like to start wholesaling to raise capital to fund my own fix and flips, and even finance buy and hold deals, however, in Illinois, the laws recently changed where wholesalers and flipper would be required to get a real estate license.  Im not opposed to the idea of getting my license.  What I would like to know is, are wholesalers held to the laws of the state of the buyer, or the state that the property is located in?  I am thinking about going into other wholesaler friendly markets and wholesaling virtually. 

Feel free to chime in with thoughts and advice.

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@Justin Windham Thank you for the welcome. Ill definitely check out those links.

Well done! Id love to hear about some of the details. Im still trying to complete my 1st deal.

I am happy to have finally found a community with so much information and experience.  I have spent the last several months watching videos and reading books on how wonderful real estate as an investment vehicle.  From what I have learned, real estate investing falls in line with my current goals. 

I have worked in retail banking for the past five years and now I am a Food & Beverage manager.  I love my work, however,  I know I am not going to reach the freedom my family and I would like working for someone else.  

I hope to be able to connect with other like-minded individuals and build a network for all of us to succeed.  If this sounds like something you like to get involved with, please add me and shoot a message over me.  Looking forward to meeting and connecting to the Bigger Pockets Community!

Great video. Very direct.  I've been looking for resources to access and help me with my investing journey. I am very happy with Bigger Pockets and look forward to connecting with other like-minded people.