If you broker only commercial loans, you don't need a broker license.I made this comment in the context of this thread and this company, which takes applications, performs MLO activities and caters to residential customers.

I am a new investor from Nevada and I happen to be in Jacksonville for a week with a lot of time on my hands. Would be interested in checking out the area and the business if someone in the area has the time.

Look for cash deals (no mortgage) and see where the investors are active.

Everything I have seen since 2008 is just a scam.This company is out there actively promoting its program to 100% financing, no money down to poor fools that are trying to get in the real estate game and have less than $1,000 to do a deal.

Is this an entity focused restriction, or an activity focused restriction?

One thing it does illustrate, and this is one way I use it, is to show the relative number of buyers and what times of the year they are and aren't active.

I have also found that being an active blogger can help you with your search engine optimization campaign.

I agree it's a frustrating rule but as a long term investor it doesn't bother me that much because an OO buyer will be engaged in the neighborhood and stabilize it.

We've been active in the short sale market in Florida.

Depending on the place being a new landlord isn't a passive activity at all.True you might be getting 1% or less in a CD or bank account now and you don't get depreciation like with real estate but you can easily beat those numbers.If you have a few hundred k or more I would say triple net it a great route as you can hit a 6% to 10% cap and not do anything but collect a check.