Investor Creator teaches both new and seasoned real estate investors how to take your house flipping business to multiple 6 or 7 figure income, without sacrificing your freedom. Learn how to lead generate, negotiate, deal structure...EVERYTHING you need to know, from Brad Smotherman, who has bought houses in 8 states, and has completed hundreds of flips. Owner financing, notes, house flipping, real estate investing.
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Investor Creator teaches both new and seasoned real estate investors how to take your house flipping business to multiple 6 or 7 figure income, without sacrificing your freedom. Learn how to lead generate, negotiate, deal structure...EVERYTHING you need to know, from Brad Smotherman, who has bought houses in 8 states, and has completed hundreds of flips. Owner financing, notes, house flipping, real estate investing.
Breach of Contract, R.I.C.O, and Illegal Lending In Tennessee
Investor Creator Podcast
43 minutes 26 seconds
7 months ago
Breach of Contract, R.I.C.O, and Illegal Lending In Tennessee
It’s been a while, but here’s an important (and a bit longer!) episode about the legalities and illegalities of hard money financing in Tennessee.
Today you're going to learn about the lender-borrower relationship, the hierarchy of the real estate business, but also about how you can check for the regulations about hard money financing in your own state.
You’ll hear the details of my litigation against two lenders for the breach of contract and R.I.C.O. violations, and I’m also going to introduce you to my all-star legal team that is helping me fight this fight.
And I hope that the results of this legal endeavor will have long-term effects and benefits for all of you investors creators out there.
What is Covered:
- What would you do in this situation? (the scenario I laid out to my Scale group)
- How I discovered the legalities and illegalities of hard money financing in Tennessee
- The reason why some loans are illegal
- “The borrower is slave to the lender.” Emotional aspects of the borrower-lender relationship
- The hierarchy and power dynamics in the real estate business
- State of Tennessee’s position and the initial reactions of lenders
- Litigation, lenders’ defense and the concept of R.I.C.O.
- The impact of this legal action on title companies and real estate associations
- Introducing my team of legal experts and the next steps
Resources:
- Learn more about R.I.C.O. https://www.ussc.gov/guidelines/primers/rico
- Listen to the RICO Report Podcast https://www.troutman.com/rico-report.html
- Join our FREE Facebook Group https://t.ly/3naz6
Investor Creator Podcast
Investor Creator teaches both new and seasoned real estate investors how to take your house flipping business to multiple 6 or 7 figure income, without sacrificing your freedom. Learn how to lead generate, negotiate, deal structure...EVERYTHING you need to know, from Brad Smotherman, who has bought houses in 8 states, and has completed hundreds of flips. Owner financing, notes, house flipping, real estate investing.
