Where could i find out my local laws on wholesaling real estate? I’m in MI and I read somewhere that you can only do 3 assignment deals per year in MI if you dont have a licence, does anybody know if theres any truth in this?
The state of michigan allows up to 4 transactions per year without a real estate license. I have alot of investors who do far more transactions than this and have never had any problems. One way you may be able to get around this law is by using multiple corporate entities to buy and sell properties.
Eric Medemar
Hey Eric,
Would you know if there is such a limit on number of transaction per year in MD and RI? Thanks in advance.