Mortgage Loan Originator for Owner Financing
Hi,
Thanks to the Dodd Frank Law my real estate investment strategy has really changed over the past year.
I've moved away from seller financing but have been thinking about partnering with an individual mortgage loan originator so that I can again seller finance my properties. The originator can facilitate the seller financing process for a fee and I will be compliant with the law.
My strategy is to purchase C class homes for cash and offer seller financing over a ten year period.
Anyone else doing this or have worked with a MLO in this capacity? If so, I would love to hear more about it.
Yes, I know that I can OF to other investors and will do it if the deal is right, but I also want the ability to OF homes to end buyers without having to become a MLO myself.
I would love to hear your thougths.