OfflineThe SAFE Act is about ready to be put in action. This law unfortunately will probably affect me and my company but probably not individual investors who are doing just a couple of transactions a year of seller financing.
The best Q and A that I have seen regarding this subject is at Realtors.com and here is the link:
http://www.realtor.org/government_affairs/seller_financing
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Always Looking to Acquire Houses | Always Looking to Amaze Investors
Am I correct in interpreting this in that it will not affect us in doing L/Os since we are not doing seller financing?
And as long as our seller is not selling more than five props per yr in this way, still OK. Right?
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the lease option process seems to be okay since a titleable interest is not being transferred.
The new rules, however, are not setting a minimum threshold on the the number of deals. Instead, the law is allowing the states to determine their own demarcation line.
Always Looking to Acquire Houses | Always Looking to Amaze Investors