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With the advent of the SAFE Act, not a day goes by where folks bring this issue into discussion. Many are scared of the Act and have a “sky is falling mentality” questioning whether “Lonnie” deals are even feasible or not.
The reality of the situation is that the game is the same — it’s just the rules that have changed. Remember, keep the big picture in mind. As long as you understand the concept of doing “Lonnie” deals, there are ways to legitimately structure your deals.
(Note: For those who missed it, I did a write-up with my commentary on the Act awhile back. )
In response to all of the controversy and discussion among folks, I’ve decided to share with you one of the best and most comprehensive discussions I’ve heard which discusses the Act in detail but also provides solutions.
(Note: For those who are curious, there has been much commentary and discussion about the Act via many outlets online. If you do a search, you’ll find a myriad of write-ups and opinions.)
What makes this commentary interesting is that it’s told from the point of view of an attorney — it definitely is worth checking out. But, before I share it with you I’d like to acknowledge my blogging pal Sharon who found this commentary. (Thanks Sharon!)
(Note: For folks who are interested, definitely check out Sharon’s write-up on this discussion. Thanks for reading!)
Without further adieu, here’s the audio discussion. Enjoy!
(Note: It’s about 45 minutes long but well worth a listen. It will go into detail with an update about the Act as well as providing solutions near the end. Hope this helps!)
p.s. Feel free to leave comments on any post either here and/or my Facebook Page. Comments are always welcome, thanks for reading!
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Interested in learning more about mobile home investing? Be sure to check out my new book, thanks for reading!
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