California has legislated themselves into future irrelevancy.

Many of the provisions in the draft legislation are subject to debate, but the EB-5 community across the board pretty much agrees that the provisions increasing the minimum investment amounts from $1m ($500k in a targeted employment area) to $1.2m ($800k in a TEA) are going to make it through.

The lenders felt short-changed, and the justice department agreed with them, as did many key legislators and regulators.So, in your statement, the "extra $15K" probably goes for bail and defense counsel for the defendant (the short-sale flipper, a.k.a. you).To the point of your original question, "How is it possible for the Agent to make money off a short sale?"

Just check your state landlord tenant regulations for the legality it should be clear.Get your landlord pants on and get managing your property by first sitting down and studying your state legislation.

., recent earthquake retrofitting legislation may open doors for you!

Recently passed legislation in North Carolina doesn't sit well with many of the types of companies which are based in the Raleigh area (source cnn money "...Cooper spoke as more than 80 CEOs and executives co-signed a letter to North Carolina's governor pushing for a repeal of a "deeply discriminatory" bathroom law...").Does anyone have any opinions on how this may play out?  

You most likely learned in the first year of law school that contract law is very different than regulatory law which is why as a client it is very important to hire the right kind of attorney for the need.Your statement regarding the penalties from the IRS is accurate, but ignores the other federal and state agencies that have primary and secondary legislation as well as rules and procedures that can and do affect the possibilities of penalties and fines.In the early days of RCG, we utilized a highly respected national law firm to help and advise us with the passage of the SAFE Act.

This has allowed them to place only the very high ration (5% down payment) and riskier borrowers with CMHC.BTW: CMHC's limits were increased a few (3 - 4) years ago, by the previous government, as it had bumped-up against the legislated liability limit they were allowed to carry.

The SEC has a summary of it here.The last thing I'll mention, though not on the precise point of RECF liquidity, is that there are some good folks out there volunteering their time to push for new legislation like the Main Street Growth Act, which would create venture exchanges.

Prior to these sites emerging to dominance, I wouldn't have gotten near a VR with a ten foot poll; with this new platform, though, it can be incredibly rewarding if executed correctly and something I help interested clients to pursue.As Justin said, how selective you are in the neighborhoods you choose to invest in (AKA: being very thorough with your due diligence and making sure to avoid the neighborhoods where people are likely to take issue with short term rentals operating in their back yard and attempting to make formal changes to legislation) will go a long way in dictating the success you have.For instance, Del Mar just recently put a temporary stop to any new short term rentals operating in the  Zip Code and are currently 'sorting out' the 'unclear verbiage' regarding short term rentals in their municipal code.