The fact is that California is grotesquely over regulated and there is way too much red tape.

I'll bet the broker is unaware that an agent is refusing to do business with any regulated lender, publicly advertising by clear implication that a bank can't perform.You can also turn the matter over to, the state RE commission, the Board of Realtors, FDIC and the Treasury IG, I assure you they will not take kindly to such public implictions.

Since HUD has a 10 day waiting period before any offers are reviewed, this regulation in silly.

Terry, I have no idea what your training is, as a past regulator I can assure you there is absolutely no lending of funds between cells.

A lot of this stuff will be standard per region, some fees are regulated by the state.

You can look to the Treasury Department or FDIC as a regulator with your degree, you'll attend the school for bank examiners in DC and gain the compliance and legal background that directly relates to RE, especially in valuation of collateral.I was unaware of the benefits of having been an examiner until I left FDIC.

I just read a thread where an "investor" suggested that someone way the risk and if the down side could be covered, afford to suffer, to take the less ethical route.Another thread was suggesting that investors just ignore laws and regulations and just go make money, that the chances of getting caught was slim.I'm not really the Mr.

Your not gonna miss $5000 as much as someone would that makes $35,000/yr.I like neds point when you observe it as a long term approach, wheather it be a long term use or if it aids in a sale.Ryan Watson -- actually the IRS regulations were changed in 1986 I believe to specifically "keep down the rich man".

I'll suggest you find a broker, lending is highly regulated.

I own 3 student rental properties in a city in Michigan that closely regulates rental properties.