Land Contract, Owner Financing Question

[Brett Snodgrass]

Hi BiggerPockets,

I know this Question in being Beat to Death, and sorry if its repeated on an earlier Forum questions, I have read earlier posts, and just want to see if anyone has a clear answer on my situation.

I don't do a lot of Land Contract Sales, (Mostly do Fix-n-Flips and Wholesale) Been Investing 7 years, and have only done 7 Land Contract Sales.

But, I always get the Question, especially from Owner-Occupant Buyers "Do you offer Seller financing?" In the Past, I would always Say, "Yes, Depending on your Down Payment, How Much can you put Down" and if they could put enough, I would entertain the thought, but most can't put much down.

Well, Then Frank Dodd Came out, and for some reason, this year I had a person ask if I seller Financed, and I did a land contract with an owner-occupant Buyer, because they put down 10K, on a 40K Purchase price. That was my only 1 for the year.

Well, I have another house, Again, 40K Purchase Price, and Buyer asked if I offered Financing. I said if they put down 10K, (Thinking they wouldn't be able to", and they said ok, and They want Seller Financing.

This first house was in my IRA.

The 2nd house is in my Corporation.

So this would be #2 for the year. Is there anything that I could put in the land contract for go around Dodd Frank? I know it said I could do up to 3 in a year, but would need a mortgage originator? Does anybody know if an independent Originator in Indianapolis, IN? Any advise on this would be great. Again, I don't plan on doing more than 3 this year, but I just want to run the business right.....

Thank you,

Brett