What Investors Need to Know About the Dodd Frank Act

 

Is seller financing dead because of Dodd Frank? Do you now have to be a licensed mortgage loan office to seller finance a property? Can you finance more than 3 properties as an investor? Many real estate investors think that the regulation called Dodd Frank which takes effect January 10th, 2014 will eliminate seller financing as we know it.

I have been researching this and found a very knowledgeable attorney named Clint Coons from Anderson Advisors that knows all of the rules and regulations of Dodd Frank and the Safe Act and how it relates to seller financing for investors.

I was able to get him on an interview to ask him some tough questions to find out exactly how the Dodd Frank Act will effect investors and seller financing.

Listen to this recording to find out how to stay in compliance and still be able to seller finance properties to owner occupants as well as investor buyers.

Of course this is not considered legal advice and please consult your own advisor before making any investments or seller financing a property.

About Larry Goins

Larry Goins is an active real estate investor and travels the US speaking and training audiences at conventions, expos and Real Estate Investment Associations on his strategies for buying 10-15 properties per month, without ever leaving his office.

He is a member of the North Carolina Association of Mortgage Professionals and a member of the National Association of Mortgage Professionals. Larry has been investing in Real Estate for over 20 years.

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