Legal or not? Assignment of Real Estate in Maryland

[Nancy Cimino]

I hope someone can help me. I was talking to my potential title company and they said that laws are being passed daily concerning purchasing Maryland Real Estate (residential), especially if the buyer is out of state, like me. I was looking to purchase my first investment home and then assign it. They said it could be risky (a new income tax law, capital gains, etc.), and may even be illegal, because I would be acting like a realtor, even though I am not. They also said that I, not the end-investor would need to put out money for an inspection and title search as soon as I lock up the property, not after I assign the property. I am not sure if I understand the liability I take on when I purchase the home (with contingencies in the contract) to wholesale it. By the way, does anyone have a purchase agreement with the standard wholesale/assignment contingencies in it that they could share. I only have one from a realtor that is so complicated, and for now there are no agents involved, so I can't use this one. Any help would be appreciated.