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Updated almost 5 years ago on . Most recent reply

Chris Placeres's profile image
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Chris Placeres
  • Real Estate Broker
  • from Chicago, IL
  • Member since Nov 10, 2015
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Chris Placeres's profile image
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Chris Placeres
  • Real Estate Broker
  • from Chicago, IL
  • Member since Nov 10, 2015
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Chris Placeres
  • Real Estate Broker
  • Chicago, IL
1
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Creative Real Estate Financing

SUB2 LEGAL OR ILLEGAL? (Illinois)

Chris Placeres
  • Real Estate Broker
  • Chicago, IL
Posted

I'm wondering if anybody with experience can tell me if its legal or illegal to acquire properties via Subject2 without a Brokers License

Assuming the exit strategy would be to Hold as a rental or lease option because as far as I know you can't assign it without the License.

Thanks in advance to anyone reading/responding

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  • Chicago, IL
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Brie Schmidt
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  • Chicago, IL
ModeratorReplied

@Bob Floss II wrote this on the topic, maybe he can clarify



http://flosslaw.com/blog/wholesale

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