Episode 11: Real Estate Laws and Regulations: Don’t Fear Dodd-Frank, Embrace It

Grant Kemp is an RMLO/Investor based out of Dallas Texas who specializes in creative financing and “out of the norm” transactions. While actively investing with Sub2, Cash, Wholesale, Wrap, and Rental strategies, Grant has also spent hundreds of hours studying and reading lending requirements as outlined in the Dodd-Frank act, S.A.F.E Act, R.E.S.P.A., TILA, in order to best serve other investors around the country in successfully investing with seller financing mechanisms. Through Texas Pride Lending, Grant has processed hundreds of owner financed transactions, with nearly $20 Million dollars worth of transactions already completed by Q4 of 2014. What you’ll learn about in this episode: RMLO: what is it? The primary laws, regulations, and statutes that Grant’s company has to comply with Why these rules and regulations are not real estate career killers How the Dodd-Frank laws can actually improve your owner-financing career Passing closing costs onto the buyer APR: what you need to know What you need to provide to Grant so that he can do his process Why using someone like Grant will lead to you bringing in better buyers How this process would protect you if you were to be sued Resources: REInvestorSummit.com/NoteServicing REInvestorsummit.com/VA REInvestorsummit.com/Capital