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Updated almost 13 years ago,
Wholesaling a "Grey Area?" Illegal in Minnesota? Realtor..?
Hello, just spoke to a reputable attorney in Minnesota about wholesaling real estate. He basically said that if I did a few deals and someone "told" on me to the commerce most likely I would get a fine. I'm writing this post because as many of you know, wholesaling is not easy and if I was to put in all this work, I don't want to end up doing so much work for getting in trouble at the end. He also mentioned something about only able to buy/sell 4-5 houses a year without a license. If I was to get a Limited Broker's license would this protect me from the Commerce coming after me? Any advice would be greatly appreciated as I do not want to keep working this hard for nothing. Thanks