There's a crackdown on money laundering via real estate transactions. FinCEN (Financial Crimes Enforcement Network) is making new reporting requirements that affect real estate investors across the country, including here in Indianapolis and all of Indiana.

FinCEN intention is to prevent illicit actors from using legal entities and trusts to anonymously launder illicit funds thru the US residential real estate

market. Their goal is to identify individuals involved in the “entities”, by requiring industry reporting of very specific information for members, managers, trustees, etc. of the entity.

The scope of the rule for reportable real estate transactions are as follows: 1. Property Type: Residential Real property

2. Financing: non-financed (cash or private non-licensed

lender)

3. Transferee: Buyer is a legal entity or trust

4. No exemption applies: not a result of transfer due to

death or divorce

There is no dollar amount threshold. All sales of Residential Real Property are reportable. This basically affects almost everyone in real estate to at least a certain degree.

Brett Snodgrass talks to James Schultz of Momentum Title Agency about what this means in practical terms for everyone investing in real estate in Indianapolis and really all of Indiana.

James Schultz is the Chairman of Government Affairs Committee for Indiana Land Title Association. James has spent a lot of time in Washington DC as this is a federal issue as well as state and local issue.

James has spent many hours talking with attorney generals, state senators, state representatives and so many other officials and professionals that are weighing in on what legislation, regulations and practice changes will look like in the coming days.

Many of these lawmakers and government regulators don't really understand what it's like to be an investor, nor do they understand how real estate investors, including wholesalers, positively impact the community.

Investors help communities when they have good motives and practices. But there are also bad actors out there who give wholesalers, realtors and investors a bad image.

This is such an important conversation to listen to. If you want to know what rule changes and new and developing regulations are and how they will impact your real estate business, then listen to this episode.

JAMES SCHULTZ - MOMENTUM TITLE AGENCY: https://momentumclosings.com/teams/location/?company=6&location=Indy%20Main

Jim Oliver went from being a poor homeless kid, to becoming a wealthy successful business owner. Two keys to his success and wealth stemmed from Real Estate and Infinite Banking.

Jim first learned about infinite banking from R Nelson Nash, who wrote a book called "Becoming Your Own Banker." Jim was amazed as he learned how to better maximize cash flow while simultaneously owning appreciating assets.

Jim Oliver has used the principles of Infinite Banking to create more cash flow and invest in more real estate. This has generated him an abundance of money over the years to grow more businesses. Jim wrote a book called "Make Bank Without The Bank" where he explains infinite banking and how to use it as a great investment strategy for real estate to generate wealth.

Join Brett and Jim as they explain what Infinite Banking is, how Infinite Banking works, and how you can use it to build your real estate business.

JIM'S SITE: https://community.createtailwind.com/

Steve Lehman also known as The @GrumpyRealEstateInvestor has lived in and has been specializing in the Indy market for close to 15 years. Steve has vast experience in dealing with squatters, trashed homes and a long list of most problem areas you could imagine.

Steve is an Investor himself, and he also consults for many Real Estate companies including large out of state investors interested in Indianapolis.

Steve shares some horror stories of some of the experiences he's faced over the years. He also shares advice on what to look for when buying property in Indy.

Some things may seem like common sense to look for when investing in Indy Real Estate, but there are many simple things that go unnoticed and can cost investors lots of money.

If you want to learn what to look out for and some pitfalls to avoid when searching the Indy area, or how to deal with a problem you might already be in the midst of, listen to Steve and Brett talk about some of their property horror stories and how they solved these issues.