myEmpirePROQUESTIONS – “What states are illegal to wholesale in? I heard something about a law going to be passed that will make it illegal to wholesale in that state.”
Real Estate wholesaling is not illegal in any part of this world.
Restrictions and regulations may increase or tighten up due to abuse of the opportunity.
However, there is nothing new about the fact that the cream always rise to the top.
I understand that it is now required to be a licensed broker to wholesale more than 1 house in a year in Illinois.
My question is “so what?”
Most people making a big deal out of this have not even closed one deal.
The new passed law is not a problem or issue for you unless you’ve closed at least one deal.
If you’ve closed one deal, then you know enough hopefully to understand that entrepreneurship comes with obstacles.
Basically it’s another opportunity to grow.
So let me share 3 ways to overcome thy hype of those new laws and close more deals.
1 Learn how to market for real
2 Leverage partnership with brokers
3 Let go of the idea that real estate investing and wholesale will ever be illegal.
BONUS: Start thinking “VIRTUAL WHOLESALING”
Enjoy this video.