Aurora, CO · Member since 2016 · 30 posts · 7 votes
Given that the new Dodd-Frank regulations are absurdly long - I wanted to check and see if anyone is aware of seller financing limitations from the buyer side. I know that if you are the seller, and want to seller finance more than 3 properties a year to owner occupants, you need to involve an originator. But is there a limitation on the number of properties that you can BUY from sellers who are willing to do carry-back financing?
So let's say I have 10 leads willing to do seller carry-back sales this year, all at different rates (do they need to be tied to an index if each individual seller is only doing 1 sale?), with different amortization periods... Is there any legal or regulatory restriction on me closing all 10 deals? What about 100 deals?
Rental Property Investor · Clarkston, GA · Member since 2012 · 2k+ posts · 1k+ votes
10y
You can buy as many as you can. Dodd Frank does not cover investor buyers. The seller is exempt from Dodd Frank when selling to an investor. No limits and no restrictions on balloons or terms. Have at it! :)