There is a buzz going around about the latest bill that is threatening the way that real estate investors do business. It is sometimes scary that those who are making the laws are out of touch with the reality of the businesses that they effect through their system of government.
Fortunately, we know better. We know that they are not addressing the real problem, but rather they are putting hand cuffs on the wrong people. We have the luxury of operating from the spirit of abundance rather than the spirit of scarcity from which the laws were created.
We need to trust that we will collectively find better and newer ways to conduct business. These laws that have been and will continue to be passed are meant to help, not to hinder. So, they are created in the right spirit, but the letter of the law is not going to be effective. It will, no doubt, keep a few people from conducting real estate transactions and most of those people are the ones that should not be investing in the first place. It is also true that there are some good investors with good intentions that will also find it hard to keep investing. Unfortunately that happens as well.
By and large, the best thing we can do as a real estate investment community is to follow sound business and ethics practices in everything we do. The real estate industry has a black eye right now, and we are all going to pay a little bit of the price. Let's do the right thing and create win-win solutions in every transaction...that is the best way to counter the laws that are coming to us right now.
Good Luck and God Bless America!
Robert D. Cass
http://www.LocalRealEstateDeals.com
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