To those who seller finance, what're your thoughts of Dodd Frank?

[Bob Jones]

I have heard varying opinions on Dodd Frank. Some say it has killed seller financing. Others say seller financing is fine as long as you have a loan originator. I've heard still others say that even a loan originator is not needed. 

I'm not sure what to think. I'd like to seller finance mobile homes, but I'm worried that its illegal. Is anyone currently offering seller financing? What are your thoughts on its legality? What does one need to do in order to be compliant with the law?

[Alan Grobmeier]

@Bob Jones, seller financing, these days is like finding unicorns.  Most of the time the property is crap, and/or orverpriced.  I did buy a sfr 3 years ago this way.  I was short on cash, didn’t want to do the bank thing, and it was the only way the seller would sell.  I refi’d all my properties a year later and all ‘forever’ houses are doing well.