Laws around a lot of installment sales?

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Laws around a lot of installment sales?

Chase Gochnauer
Investor · Des Moines, IA · Member since 2015 · 380 posts · 201 votes
Hey all,
I am considering selling 20 or 30 properties on contract. I am going to reach out to some local attorneys, however, do you all happen to have any background on the rules/regs of selling more than a couple of properties on contract?
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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    3y

    @Chase Gochnauer

    1. Depends on state you may need to get a lenders license

    2. If owner occupied you would need to comply with Dodd frank

    3. If it is Iowa, if you use land contracts know the laws

    4. If owner occupied make sure to use a licensed servicing company

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