[SK in CV]

[quote]Blah, blah, blah
[/quote]

Let’s focus on your joint ventures. If you’re lending in all 50 states, YOU ARE A LENDER! If your JV projects include seller financing, YOU ARE A LENDER! It might not be your main business, but if you want to do it, you have to follow the rules. Just like retailers who offer in house financing have to follow consumer financing rules. Just like lawyers who provide escrow services have to follow rules. It doesn nothing to destroy creative thinking. Go create all you want. But if it’s a significant part of your business, then why on earth wouldn’t you want to gain the expertise to do it correctly? Why fight it?

And you’re going to have to explain to me how “socialism” fits into this discussion. It doesn’t. This is about consumer protection, not redistribution of resources. Nor does the “socialism” tag fit giving support to the banks and financial institutions which were part and parcel to the economic crisis. When government is all about big business, that would be facism, not socialism. But apperently socialism has a better ring to it, so keep using it, whether it fits or not.

[SK in CV]

[quote]Blah, blah, blah
[/quote]

Let’s focus on your joint ventures. If you’re lending in all 50 states, YOU ARE A LENDER! If your JV projects include seller financing, YOU ARE A LENDER! It might not be your main business, but if you want to do it, you have to follow the rules. Just like retailers who offer in house financing have to follow consumer financing rules. Just like lawyers who provide escrow services have to follow rules. It doesn nothing to destroy creative thinking. Go create all you want. But if it’s a significant part of your business, then why on earth wouldn’t you want to gain the expertise to do it correctly? Why fight it?

And you’re going to have to explain to me how “socialism” fits into this discussion. It doesn’t. This is about consumer protection, not redistribution of resources. Nor does the “socialism” tag fit giving support to the banks and financial institutions which were part and parcel to the economic crisis. When government is all about big business, that would be facism, not socialism. But apperently socialism has a better ring to it, so keep using it, whether it fits or not.

[SK in CV]

[quote]Blah, blah, blah
[/quote]

Let’s focus on your joint ventures. If you’re lending in all 50 states, YOU ARE A LENDER! If your JV projects include seller financing, YOU ARE A LENDER! It might not be your main business, but if you want to do it, you have to follow the rules. Just like retailers who offer in house financing have to follow consumer financing rules. Just like lawyers who provide escrow services have to follow rules. It doesn nothing to destroy creative thinking. Go create all you want. But if it’s a significant part of your business, then why on earth wouldn’t you want to gain the expertise to do it correctly? Why fight it?

And you’re going to have to explain to me how “socialism” fits into this discussion. It doesn’t. This is about consumer protection, not redistribution of resources. Nor does the “socialism” tag fit giving support to the banks and financial institutions which were part and parcel to the economic crisis. When government is all about big business, that would be facism, not socialism. But apperently socialism has a better ring to it, so keep using it, whether it fits or not.

[SK in CV]

[quote]Blah, blah, blah
[/quote]

Let’s focus on your joint ventures. If you’re lending in all 50 states, YOU ARE A LENDER! If your JV projects include seller financing, YOU ARE A LENDER! It might not be your main business, but if you want to do it, you have to follow the rules. Just like retailers who offer in house financing have to follow consumer financing rules. Just like lawyers who provide escrow services have to follow rules. It doesn nothing to destroy creative thinking. Go create all you want. But if it’s a significant part of your business, then why on earth wouldn’t you want to gain the expertise to do it correctly? Why fight it?

And you’re going to have to explain to me how “socialism” fits into this discussion. It doesn’t. This is about consumer protection, not redistribution of resources. Nor does the “socialism” tag fit giving support to the banks and financial institutions which were part and parcel to the economic crisis. When government is all about big business, that would be facism, not socialism. But apperently socialism has a better ring to it, so keep using it, whether it fits or not.

[SK in CV]

Socratt wrote:

SK, it’s people like you confuse me! I am not lender I am alternative energy developer looking for creative ways to move land that we aren’t utilizing for projects and also financing on some of the projects that are joint ventured. You make it sound as if I can just walk right into an office and hand in my application. Sorry SK, it doesn’t work that way. Maybe you want to read some rules and see how difficult it actually is to become a lender (because we have) and then see much harder they are making it now.

I don’t know what line of business you are in, but by your pathetic response to the bill I would have to assume you are clueless about the business world. I try to create jobs and every piece of legislation that our government has put together this year seems to throw in some fine print that is destroying the entrepreneurship of the US!!! Think before you write unless you are completely happy with us turning into a socialistic society!!

I’m in the business of business, and have been for more than 30 years. As related to real estate, I’ve been a buyer, a broker, a builder, a developer, a manager, a lender, and a consultant to others doing all those things. Some of them aren’t simple. And if this bill passes, lending may be a bit more complicated for some.

A couple points on your comment. When you are “looking for createive ways to move land that [you] aren’t utilizing for projects”, then you aren’t in the business of an alternative energy developer anymore. You’re doing something else. That “something else” may require that you gain or hire expertise that isn’t required as part of your “alternative energy developer” business.

You made my point precisely. You want to be in the lending business, but you don’t want to follow the rules that licensed lenders must follow. There are alternatives. Sell using traditional financing. Or acquire the expertise needed to do business as a lender. I’m quite sure the RE brokers here wouldn’t be real sympathetic to you acting as both principle and broker in your deals without the required licensing. Why should lending be any different?

And your last sentence….the “socialist society”. Sure has become a popular tag line, but as is often the case, it has no relevance. It’s just a dirty word to throw at an idea you don’t like. I’m much more of a libertarian capitalist than a socialist. But I have my limits. Too much free market without oversight created much of the economic problems we face. Regulation is not synonymous with socialism. In a complex economy, it is a cost of doing business.

[SK in CV]

Socratt wrote:

SK, it’s people like you confuse me! I am not lender I am alternative energy developer looking for creative ways to move land that we aren’t utilizing for projects and also financing on some of the projects that are joint ventured. You make it sound as if I can just walk right into an office and hand in my application. Sorry SK, it doesn’t work that way. Maybe you want to read some rules and see how difficult it actually is to become a lender (because we have) and then see much harder they are making it now.

I don’t know what line of business you are in, but by your pathetic response to the bill I would have to assume you are clueless about the business world. I try to create jobs and every piece of legislation that our government has put together this year seems to throw in some fine print that is destroying the entrepreneurship of the US!!! Think before you write unless you are completely happy with us turning into a socialistic society!!

I’m in the business of business, and have been for more than 30 years. As related to real estate, I’ve been a buyer, a broker, a builder, a developer, a manager, a lender, and a consultant to others doing all those things. Some of them aren’t simple. And if this bill passes, lending may be a bit more complicated for some.

A couple points on your comment. When you are “looking for createive ways to move land that [you] aren’t utilizing for projects”, then you aren’t in the business of an alternative energy developer anymore. You’re doing something else. That “something else” may require that you gain or hire expertise that isn’t required as part of your “alternative energy developer” business.

You made my point precisely. You want to be in the lending business, but you don’t want to follow the rules that licensed lenders must follow. There are alternatives. Sell using traditional financing. Or acquire the expertise needed to do business as a lender. I’m quite sure the RE brokers here wouldn’t be real sympathetic to you acting as both principle and broker in your deals without the required licensing. Why should lending be any different?

And your last sentence….the “socialist society”. Sure has become a popular tag line, but as is often the case, it has no relevance. It’s just a dirty word to throw at an idea you don’t like. I’m much more of a libertarian capitalist than a socialist. But I have my limits. Too much free market without oversight created much of the economic problems we face. Regulation is not synonymous with socialism. In a complex economy, it is a cost of doing business.

[SK in CV]

Socratt wrote:

SK, it’s people like you confuse me! I am not lender I am alternative energy developer looking for creative ways to move land that we aren’t utilizing for projects and also financing on some of the projects that are joint ventured. You make it sound as if I can just walk right into an office and hand in my application. Sorry SK, it doesn’t work that way. Maybe you want to read some rules and see how difficult it actually is to become a lender (because we have) and then see much harder they are making it now.

I don’t know what line of business you are in, but by your pathetic response to the bill I would have to assume you are clueless about the business world. I try to create jobs and every piece of legislation that our government has put together this year seems to throw in some fine print that is destroying the entrepreneurship of the US!!! Think before you write unless you are completely happy with us turning into a socialistic society!!

I’m in the business of business, and have been for more than 30 years. As related to real estate, I’ve been a buyer, a broker, a builder, a developer, a manager, a lender, and a consultant to others doing all those things. Some of them aren’t simple. And if this bill passes, lending may be a bit more complicated for some.

A couple points on your comment. When you are “looking for createive ways to move land that [you] aren’t utilizing for projects”, then you aren’t in the business of an alternative energy developer anymore. You’re doing something else. That “something else” may require that you gain or hire expertise that isn’t required as part of your “alternative energy developer” business.

You made my point precisely. You want to be in the lending business, but you don’t want to follow the rules that licensed lenders must follow. There are alternatives. Sell using traditional financing. Or acquire the expertise needed to do business as a lender. I’m quite sure the RE brokers here wouldn’t be real sympathetic to you acting as both principle and broker in your deals without the required licensing. Why should lending be any different?

And your last sentence….the “socialist society”. Sure has become a popular tag line, but as is often the case, it has no relevance. It’s just a dirty word to throw at an idea you don’t like. I’m much more of a libertarian capitalist than a socialist. But I have my limits. Too much free market without oversight created much of the economic problems we face. Regulation is not synonymous with socialism. In a complex economy, it is a cost of doing business.

[SK in CV]

Socratt wrote:

SK, it’s people like you confuse me! I am not lender I am alternative energy developer looking for creative ways to move land that we aren’t utilizing for projects and also financing on some of the projects that are joint ventured. You make it sound as if I can just walk right into an office and hand in my application. Sorry SK, it doesn’t work that way. Maybe you want to read some rules and see how difficult it actually is to become a lender (because we have) and then see much harder they are making it now.

I don’t know what line of business you are in, but by your pathetic response to the bill I would have to assume you are clueless about the business world. I try to create jobs and every piece of legislation that our government has put together this year seems to throw in some fine print that is destroying the entrepreneurship of the US!!! Think before you write unless you are completely happy with us turning into a socialistic society!!

I’m in the business of business, and have been for more than 30 years. As related to real estate, I’ve been a buyer, a broker, a builder, a developer, a manager, a lender, and a consultant to others doing all those things. Some of them aren’t simple. And if this bill passes, lending may be a bit more complicated for some.

A couple points on your comment. When you are “looking for createive ways to move land that [you] aren’t utilizing for projects”, then you aren’t in the business of an alternative energy developer anymore. You’re doing something else. That “something else” may require that you gain or hire expertise that isn’t required as part of your “alternative energy developer” business.

You made my point precisely. You want to be in the lending business, but you don’t want to follow the rules that licensed lenders must follow. There are alternatives. Sell using traditional financing. Or acquire the expertise needed to do business as a lender. I’m quite sure the RE brokers here wouldn’t be real sympathetic to you acting as both principle and broker in your deals without the required licensing. Why should lending be any different?

And your last sentence….the “socialist society”. Sure has become a popular tag line, but as is often the case, it has no relevance. It’s just a dirty word to throw at an idea you don’t like. I’m much more of a libertarian capitalist than a socialist. But I have my limits. Too much free market without oversight created much of the economic problems we face. Regulation is not synonymous with socialism. In a complex economy, it is a cost of doing business.

[SK in CV]

Socratt wrote:

SK, it’s people like you confuse me! I am not lender I am alternative energy developer looking for creative ways to move land that we aren’t utilizing for projects and also financing on some of the projects that are joint ventured. You make it sound as if I can just walk right into an office and hand in my application. Sorry SK, it doesn’t work that way. Maybe you want to read some rules and see how difficult it actually is to become a lender (because we have) and then see much harder they are making it now.

I don’t know what line of business you are in, but by your pathetic response to the bill I would have to assume you are clueless about the business world. I try to create jobs and every piece of legislation that our government has put together this year seems to throw in some fine print that is destroying the entrepreneurship of the US!!! Think before you write unless you are completely happy with us turning into a socialistic society!!

I’m in the business of business, and have been for more than 30 years. As related to real estate, I’ve been a buyer, a broker, a builder, a developer, a manager, a lender, and a consultant to others doing all those things. Some of them aren’t simple. And if this bill passes, lending may be a bit more complicated for some.

A couple points on your comment. When you are “looking for createive ways to move land that [you] aren’t utilizing for projects”, then you aren’t in the business of an alternative energy developer anymore. You’re doing something else. That “something else” may require that you gain or hire expertise that isn’t required as part of your “alternative energy developer” business.

You made my point precisely. You want to be in the lending business, but you don’t want to follow the rules that licensed lenders must follow. There are alternatives. Sell using traditional financing. Or acquire the expertise needed to do business as a lender. I’m quite sure the RE brokers here wouldn’t be real sympathetic to you acting as both principle and broker in your deals without the required licensing. Why should lending be any different?

And your last sentence….the “socialist society”. Sure has become a popular tag line, but as is often the case, it has no relevance. It’s just a dirty word to throw at an idea you don’t like. I’m much more of a libertarian capitalist than a socialist. But I have my limits. Too much free market without oversight created much of the economic problems we face. Regulation is not synonymous with socialism. In a complex economy, it is a cost of doing business.

[SK in CV]

Your explanation of the bill is misleading.

You will NOT be able to sell more than 1 property with owner financing every 3 years!

Uh…yes, you will. But you’ll have to be a licensed lender and follow all the rules that other licensed lenders follow.

It would be extraordinary circumstances for someone who is not in the business of lending to provide seller financing more than once every 3 years. If you are a house trader or a land trader and provide financing more than once in three years, you ARE in the business of lending money. Get your license, just like every other lender, and there is nothing in this bill that prohibits you from going about your business. If the licensing requirement is too much of a hassle, or following the rules that other lenders will follow in the normal course of business is too much of a hassle, then don’t go into the lending business.

[SK in CV]

Your explanation of the bill is misleading.

You will NOT be able to sell more than 1 property with owner financing every 3 years!

Uh…yes, you will. But you’ll have to be a licensed lender and follow all the rules that other licensed lenders follow.

It would be extraordinary circumstances for someone who is not in the business of lending to provide seller financing more than once every 3 years. If you are a house trader or a land trader and provide financing more than once in three years, you ARE in the business of lending money. Get your license, just like every other lender, and there is nothing in this bill that prohibits you from going about your business. If the licensing requirement is too much of a hassle, or following the rules that other lenders will follow in the normal course of business is too much of a hassle, then don’t go into the lending business.

[SK in CV]

Your explanation of the bill is misleading.

You will NOT be able to sell more than 1 property with owner financing every 3 years!

Uh…yes, you will. But you’ll have to be a licensed lender and follow all the rules that other licensed lenders follow.

It would be extraordinary circumstances for someone who is not in the business of lending to provide seller financing more than once every 3 years. If you are a house trader or a land trader and provide financing more than once in three years, you ARE in the business of lending money. Get your license, just like every other lender, and there is nothing in this bill that prohibits you from going about your business. If the licensing requirement is too much of a hassle, or following the rules that other lenders will follow in the normal course of business is too much of a hassle, then don’t go into the lending business.

[SK in CV]

Your explanation of the bill is misleading.

You will NOT be able to sell more than 1 property with owner financing every 3 years!

Uh…yes, you will. But you’ll have to be a licensed lender and follow all the rules that other licensed lenders follow.

It would be extraordinary circumstances for someone who is not in the business of lending to provide seller financing more than once every 3 years. If you are a house trader or a land trader and provide financing more than once in three years, you ARE in the business of lending money. Get your license, just like every other lender, and there is nothing in this bill that prohibits you from going about your business. If the licensing requirement is too much of a hassle, or following the rules that other lenders will follow in the normal course of business is too much of a hassle, then don’t go into the lending business.

[SK in CV]

Your explanation of the bill is misleading.

You will NOT be able to sell more than 1 property with owner financing every 3 years!

Uh…yes, you will. But you’ll have to be a licensed lender and follow all the rules that other licensed lenders follow.

It would be extraordinary circumstances for someone who is not in the business of lending to provide seller financing more than once every 3 years. If you are a house trader or a land trader and provide financing more than once in three years, you ARE in the business of lending money. Get your license, just like every other lender, and there is nothing in this bill that prohibits you from going about your business. If the licensing requirement is too much of a hassle, or following the rules that other lenders will follow in the normal course of business is too much of a hassle, then don’t go into the lending business.

[SK in CV]

I’m a liberal, and I’m hoping she announces her intentions to run for president. (She won’t any time soon. Too many $25,000 a pop speaking engagements first, which would end with her announcing.) Democrats and liberals aren’t afraid of Sarah Palin. Most consider her a joke. The best thing that could happen for the Dems is for her to win a republican nomination, with her solid 20% support.

I don’t think that’s going to happen. I think another shoe will drop shortly.

[Author]

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