Hello everyone, im a newbie investor in Chicago that is starting to wholesale I understand most of the wholesaling process and just have one question to ask.

A big one with a ton of information regarding the process of brokerage/law/national law/etc, and a small book of Rules and Regulations directly out of the State Legislature.STUDY THE SMALL BOOK AND UNDERSTAND IT BACKWARD AND FORWARDIf, during the class, they tell you about certain statutes in that book, highlight them and revisit them.

While others understand the development and influx of "out of state money" is inevitable.

I've come to understand in the past few years that with my current skills there is somewhat of a cap on my earning potential.

Maybe I don't understand...

Consider reading "profitable properties" by Daniel Rusteen to help with understanding HOW to "maximize" a listing.

If you don't understand the reasons why, you shouldn't be near a subject to deal. 

Is my understanding of this correct: 1.

I know LLCs can be used to invest in real estate, but I also read that someone created a leasing company to sublet the individuals personal real estate to the tenants with the actual owner having no liability since their leasing company LLC is the one responsible.This had me wondering how best to use an LLC, and I hope to hear from many of you to better understand how the LLC process works in the real estate world.

Even though they cover all the costs, you'll still have to pay for closing expenses, about 3-5% of the loan amount.These loans are better for people who know their way around real estate, not so much for first-time buyers or those new to this game.Talk to a money expert, check out different lenders before you decide, understand all the risks, and look into other options like FHA or VA loans—they might be a better fit, depending on your situation.