Securing Your Seller Finance Investment: Inside Dodd-Frank Compliance With Russ O'Donnell

Real Estate Without Renters with Kevin Shortle

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1+ y ago 34:11

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Cashing in on seller financing while staying Dodd-Frank compliant - it's not just good business, it's smart business. In this episode, we dive into the complexities of Dodd-Frank compliance, the crucial requirements you need to meet, and the potential pitfalls to avoid with our guest, Russ O'Donnell, founder of Compliant Monk. Russ discusses the critical questions to ask potential borrowers to ensure they meet the ability-to-repay requirements. He sheds light on essential factors such as debt-to-income ratios, pay histories, and the significance of residual income when it comes to compliance. Throughout the episode, Russ emphasizes why Dodd-Frank compliance is essential and the potential consequences if you neglect it. The risk of losing assets looms large if you don't meet the required standards, and today Russ tells us why. Tune in now.

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