If you are pooling investors to make hard money loans, most states have had regulations that govern that for quite sometime already.In regards to "moving and holding money".

When the financial crisis hit, that exposed the fact that lenders and the government could not properly assess risk, because everyone assumed property could only go up forever.

He's talking about moving his business because of one power-tripping government employee.

Or as another example, will a hotel get booked up because the government is working hard to market the area?

All the logistics that I had in mind were there, Visas, government stability, taxes, tourists, access to stock, etc.

Sometimes we focus too much attention on the "illegality" and not why the Federal government wants those who practice real estate to be licensed.

We went through ATB, a provincial government-owned credit union, and they are one of the only ones willing to do 50% LTV on raw land, and 75% LTV on serviced land.

Ben,that is a criminal offense on both his and your part.You are attempting to defraud the government of tax dollars and you will be prosecuted when it is discovered eventually.Tell them no and leave it at that.

It is a sad but true fact that our institutions of education and government are deeply misguided when it comes to issues of supposed equalities. 

It was government housing but still, you get the point.