Section 10131.1(b)(1)(C) of the CA business and professions code says you need a license when:""The making of eight or more loans in a calendar year from the person's own funds to the public when those loans are held or resold and are secured directly or collaterally by a lien on residential real property consisting of a single dwelling unit in a condominium or cooperative or on any parcel containing only residential buildings if the total number of units on the parcel is four or less. ..."

Having your buyer processed by the RMLO satisfies your SAFE act compliance needs (as long as your RMLO knows what they're doing) Exemptions from safe act: Owner occupant to Owner occupant Condominiums and Mobile homes People who do less than 5 transactions in a ROLLING 12 month period People that are allowed to collect the 1003 loan app: Those who are listed above Real estate agents representing the owner occupant seller Attorneys representing the owner occupant seller Seller financing is a very good strategy for great risidual income and great up front profits, but you have to be aware of the Dodd-Frank act, the S.A.F.E. act, and RESPA.

hi Steve, the only problem with buying a condominium is you have no control of the HOA they can restrict a lot of things that you can and cannot do.So if you're looking to buy it as a rental you may have a problem with that.

Data for March: Leases of townhomes/condominiums rose 7.4 percent with rents up 1.7 percent to $1,596.Data for April 2016: Leases of townhomes/condominiums soared 26.0 percent with rents down 1.7 percent to $1,574.Data for May 2016: Leases of townhomes/condominiums soared 12.9 percent with rents down 5.6 percent to $1,658.Data for June 2016: Rentals of single-family homes surged 20.4 percent while rentals of townhouses/condominiums edged up 1.9 percent.Data for July 2016 2016: Leases of townhomes/condominiums soared 10.6 percent with rents flat at $1,630.

http://www.har.com/content/newsroomHighlights are:Single-family home sales fell 10.2 percent compared to October 2014, marking the fifth and steepest decline of 2015;Total property sales dropped 12.1 percent (7,026 units);Total dollar volume decreased 8.3 percent to $1.8 billion;At $271,648, the single-family home average price reached a record high for an October;At $205,000, the single-family home median price also achieved a record October high;Single-family homes months of inventory climbed to a 3.5-months supply versus 2.8 months a year earlier;Townhomes/condominium sales dropped 17.3 percent with the average price flat at $196,242 and the median price down 1.0 percent to $146,500;Leases of single-family homes rose 4.1 percent with rents remaining unchanged at $1,708;Leases of townhomes/condominiums jumped 12.4 percent with rents sliding 5.0 percent to $1,510.

@Jacob Elbe I manage a 38 building condominium complex.

Notice of the meeting shall contain the full text of the proposed rules and regulations, and the meeting shall conform to the requirements of Section 18(b) of this Act, except that no quorum is required at the meeting of the unit owners unless the declaration, bylaws or other condominium instrument expressly provides to the contrary.

That represents an increase of 3.5 percent;Total dollar volume for single-family homes in 2017 rose 6.5 percent to $23 billion;December single-family home sales climbed 4.1 percent year-over-year with 6,875 units sold;Total December property sales increased 3.5 percent to 8,125 units;Total dollar volume for December increased 2.8 percent to $2.3 billion;At $230,000, the single-family home median price rose 1.7 percent to a December high;The single-family home average price declined 0.6 percent to $292,174;Single-family homes months of inventory declined slightly to a 3.2-months supply;Townhome/condominium sales rose 3.2 percent, with the average price down 5.5 percent to $199,197 and the median price down 9.3 percent to $158,250;Leases of single-family homes fell 3.6 percent with average rent up 3.3 percent to $1,745;Leases of townhomes/condominiums climbed 7.3 percent with average rent up 2.4 percent to $1,532.

We had no downturn here.ARTICLE:There was a time when the only people who bought condominiums were those who couldn’t meet a co-op’s financial requirements. 

Thank you all in advance for the helpI own a condominium that I rent out.