January 10, 2014 -- The Day Real Estate Investing Changed Forever

[Jackie Lange]

Real estate investors are in for a rude awakening on January 10th, 2014. The way you do business must change dramatically thanks for the US government and Dodd-Frank specifically.

There are 2400 pages of new rules and regulations in Dodd-Frank….enough to make your head spin. “This makes the SAFE Act look like kindergarten,” said attorney Bryan Dunklin during last week's Coaching Call.

Here are just a few examples of what it means to you:

When you sell with seller financing, you will not be able to charge more than 5% over the going interest rate (currently 3.2%) and you cannot discuss any of the terms of seller financing with the buyer… only certain certified mortgage brokers can do that.

There cannot be a balloon in the note and you must have a fixed interest rate for at least the first 5 years. The debt to income ratio must be 43%... but there 840 pages of other qualification rules too.

It gets worse.... learn about it at

http://www.cashflowdepot.com/blog/article-details/articleid/420/options-to-the-rescue.aspx