Wholesaling in Banned States

[Sardar Mustafa Khan]

I am located in Illinois where there are laws that prohibit a person/business to wholesale more than one property a year.

I wanted to ask if anyone ran into any trouble wholesaling before in a state that has banned it? I’ve talked to other wholesalers and they said it isn’t really enforced. Anyone experience any problems from the law before?

[Jonathan Greene]

I haven't heard of a 1 per year law anywhere, but if it's correct and someone tells you it's not enforced, you are still putting yourself, the seller, and the end buyer in legal jeopardy by doing it. Anytime you have to ask yourself if it's worth the risk of violating the law, it's not. Just ask everyone who doesn't pull permits on flips and then has to open up all the walls for plumbing and electric.