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Updated 12 months ago on . Most recent reply
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Wholesaling in Chicago and Illinois - still viable?
I'm curious as to whats happened to people that were previously wholesaling a lot in Illinois now that the new law (referenced here -
https://www.biggerpockets.com/forums/93/topics/745421-new-illinois-wholesale-law ) has settled down.
Are folks getting licenses?
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@Vladimir Fefer - I know a couple of wholesalers who went ahead and got their licenses - its the right thing to do to avoid trouble. Also, I know a handful of managing brokers who are now marketing to wholesalers to get licenses and join the managing brokers company.
Personsally, I don't think any drastic fines will happen for quite a while (6 months to a year) until as @Eric M. stated people figure out whats going on with the law and how to manage it.
- Jonathan Klemm
- [email protected]
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