Dodd-Frank repealed effect?

[Michael O'Brien]

Just saw that trump signed an order repealing the Dodd-Frank act. Regardless of your political views, what effect will this have on the common person using the Brrr method, buying and flipping, and obtaining loans to do so? I'm just starting out reading a few brooks and podcasts so any information would help.

[Jeff Filali]

Any deregulation is good for all us small guys.  All the regulations make it very hard for the small investor to operate and just add a lot of unnecessary costs.  Dodd Frank makes no sense to me for someone like myself who buys properties with my own cash, and doesn't have mortgages on the properties, if I wanted to carry the note on every single property I sell and where I'm the sole owner, what difference should it make and why should I have to pay additional fees.  I agree that one should verify that their buyer can afford the payments, but that's no different then what all of us do whenever we rent to someone.  I'm more secure then many of the banks are at that point, if my "mortgagees" for lack of a better term, lost their jobs, I'm in a position, I could help them through it by restructuring the note, lowering the payments short-term, etc and help them keep the property, if I chose to do so.  The banks aren't going to do that, no way, they can't afford to.  Also, the fact that you can do unlimited RTOs or Lease-Options, but Seller Financing is regulated, makes no sense.  Most RTOs and LOs are set up knowing the tenant will never be able to purchase the property.  But that's ok and unregulated.... Makes no sense. Just my 2 cents.