22
Jun
The U.S. Senate is considering a bill that would severely limit the way you do business as a creative investor and, more importantly, is an inexcusable infringement of the property rights of all Americans.
HR 1728, which you can view in its entirety here: www.govtrack.us/congress/bill.xpd?bill=h111-1728
It covers a lot of different topics but here’s the important part. You will NOT be able to sell more than 1 property with owner financing every 3 years!
Their definition of Seller financing includes land contract, owner-held mortgage or wrap-around mortgage-and who knows if they’ll define lease/options as owner financing, too? (more…)
