11/10/11

Dodd-Frank vs Equipment Finance

That may seem like an odd headline, but let's look more closely at it.  

Six years ago I owned a residential brokerage, just as many states were beginning to require individual originator licensing.  With running a business and being a top producer myself, I didn't have time to take all the CE classes, so I switched to commercial brokering.

Not that licensing is a bad thing, but over-regulation certainly can be...  Enter "DODD-FRANK".  



I believe that no other single piece of legislation has caused more damage and cost more money to small businesses in our lifetime than this has.
Ask yourself these questions: 
  1. Are you making less money per deal than you used to? 
  2. Are you spending more on compliance than you ever have? 
  3. Are you more confused by the lack of clarity in the new rules and more scared of the potential consequences for interpreting it incorrectly? 
    If you answered "yes" to any of these then you should look at Equipment Finance, or more specifically Equipment Lease Financing.
    • Quick Closes
    • No regulatory cap on compensation
    • No licensing required
    The business can be fun again!  Learn how you can use your acquired skills and database to make more money, faster, than you can closing residential mortgages.

    Call me.  It's FREE and just maybe it's the niche' you've been looking for.


    Follow me on twitter https://twitter.com/#!/kevinwiscombe 



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