Hi everyone,
I would like to know if when wholesaling if you MUST purchase, take title then re-sell, or if you can just put under sales contract with owner, then assign to another investor, taking a $5K profit or so (without taking title). That's the way I thought it works, but I just read somewhere that is called Net Listing Broker activity and is illegal! Maybe it is just illegal if you are a broker? I am not a broker. I just want to wholesale properties. P.S. I live in Chicago area.
Any help would be appreciated! Thanks!
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