Sandwich Lease Option

[Alejandro Lozano]

Hi BP fam I am a rookie investor from Chicago and been reading forums on sandwich lease options and I would like to use that as my strategy to begin as an investor and wanted to know if I need a real estate license to do it here in Chicago or if I can do it without a real estate license. Thanks in advance

[Crystal Smith]

Quote from @Alejandro Lozano:

@Curt Smith Thanks for the information. It does make sense to do a subject to but theres also a little more risk with repairs and to start off with little money I think SLO is my best option until I get familiar with those and then move on to something bigger like subject to.

@Braden Smith Thanks for sharing im familiar with how it works just wanted to know if I need a real estate license to do them in illinois. There is where I live and that's where I would like to start.

@Crystal Smith    So I can do as many as I can without a license or am I limited to 1 per year like wholesaling?

You can assign one contract per year without a license.  What you described in your post is not an assignment.  It's the equivalent of a subletting a lease.