No person shall, in trade, in connection with the sale or grant or possible sale or grant of an interest in land or with the promotion by any means of the sale or grant of an interest in land, -Make a false or misleading representation concerning the nature of the interest in the land, the price payable for the land, the location of the land, the characteristics of the land, the use to which the land is capable of being put or may lawfully be put, or the existence or availability of facilities associated with the land.”not qualified having the ability to pay as agreed is also predatory lending, you can get shot from that as well as Dodd-Frank, so exempt or not, follow the mortgage origination requirements. :) 

Which for empirical data really doesn't mean squat but they did feel safe enough to buy a condo down there...

Any person who violates this paragraph commits a felony of the third degree, punishable as provided in s. 775.082 or s. 775.083, or, if a corporation, as provided in s. 775.083.Florida Real Estate License Law requires that an individual who, for another, in Florida , for Compensation* or valuable consideration will need a real estate license if they perform any of the following when dealing with real property: AppraisesAuctionsSellsExchangesRentsNegotiates a saleAdvertises or represents as an individual involved in the real estate business, through either oral or written representationProcures sellers, purchasers, lessors, business enterprises or business opportunitiesCloses any transaction which results in or is calculated to result in a sale or exchange and who expects to receive ANY compensation or valuable considerationReal property or real estate means any interest or estate in land, or enterprise or business opportunity, including any assignment, leasehold, sub-leasehold or mineral rights.

I am also a principal commercial broker, investor, syndicator as well 15 years in the business.I started out in land assemblage for developers and then moved to selling multifamily buildings.

There is also a TON of competition in the Inland Empire area, so I have to send out way more letters to get responses.

Most of the empirical data suggests much lower typical response from PC's.

i would sign up for any mentoring in LA / Inland Empire :)

And it sounds like excess can be directed to retirement accounts, which is really the whole purpose of our RE empire, funding retirement.

My question is this: with my goal of building a REI empire using a buy-and-hold strategy, should I take money out of the City heights home to purchase another?

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