Seller Finance Coalition

[Nathan Turner]

Please see a post from Jeff Watson regarding how you can get involved in helping out our industry! Read the article and then get involved. Great changes may be on the horizon for the note business but we need your help. I've joined the coalition and invite you to do the same.

http://watsoninvested.com/baseball-apple-pie-selle...

Baseball, Apple Pie & Seller Finance

By Jeff Watson on Nov 15, 2016 in Real Estate Investing | 0 comments

It’s been a week now since Americans went to the poll, and President-elect Donald Trump will be sworn in January 2017. Multiple news reports are stating he has declared that he will overturn large portions, if not all, of Dodd-Frank. I personally have seen a number of investors boasting about this on social media.

Beginning Sunday night and continuing into Monday morning, I spent several hours carefully reviewing the complex language in the Financial Choice Act, which is a likely favorite to be passed in Congress and signed into law early in January 2017 in order to drastically reform Dodd-Frank. The problem with that bill is that it does absolutely nothing for small real estate investors who wish to sell their properties via owner financing.

Even though the election has dramatically changed the landscape in Washington, D.C., it is more important than ever before that we as investors, agents and entrepreneurs become engaged regarding the Seller Finance Coalition. You can CLICK HERE to find out how to do that. If we do not have a seat at the table at times of great change so that our voices can be heard, we will be ignored or taken advantage of when changes occur.

In order to be able to get us to where we want to be with seller financing of approximately 24 deals per year (based upon the terms negotiated with the National Association of Realtors), we not only need major changes to Dodd-Frank, but we also need changes to the Safe Act and to certain Truth in Lending Act (TILA) guidelines.

H.R. 5301 does exactly that. It is important that you join the Seller Finance Coalition, and it’s important that you contact your members of Congress and ask them to co-sponsor and support H.R. 5301. National REIA has made it easy to contact your member of Congress on this issue. In my next email I will share that link to National REIA’s powerful resource.

Today, join the Seller Finance Coalition. Next, contact your member of Congress.

We must keep this effort going so we don’t lose momentum just as we’re getting so close to seeing the relief our industry desperately needs become a reality. Please CLICK HERE to join today.