Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply
How many Owner Carrybacks can you do?
I think I read somewhere that there is a limit on how many real estate owner finance deals/seller carrybacks (you holding the promissory note) you're allowed to handle without being a bank or financial organization. Is this true? If so, what's the limit and where do I find that info?
Most Popular Reply
#5 Guru, Book, & Course Reviews Contributor
- Investor
- Sherman Oaks, CA
- 3,921
- Votes |
- 6,088
- Posts
#5 Guru, Book, & Course Reviews Contributor
- Investor
- Sherman Oaks, CA
There is no limit on buying on terms (creating notes or land contracts) if you are not OO ie Owner Occupying.
Selling on terms to owner occupants involves Dodd Frank.
Selling on terms to landlords - investors does not involve Dodd Frank.
See Dodd Frank summary here
https://www.biggerpockets.com/blogs/3/39942-dodd-f...
@Dave Van Horn is a great note guy and has a recent BP article about REOs and notes