I’ve been looking into the new federal reporting requirements tied to certain residential real estate transactions so we’re ahead of it as a community. The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) now requires reporting on certain non-bank financed residential purchases when the buyer is an entity (LLC, Corporation, Trust, etc.). 💵This can apply to: • Cash deals • Private / Hard Money • Seller financing • Other non-institutional lending situations 🏠It generally covers: • 1–4 unit residential properties • Condos & townhomes • Vacant land intended for residential development 🚫There’s NO MINIMUM dollar amount. 📑Important note: It’s typically the title/closing agent (the “reporting person”) who files, not the buyer directly, but beneficial ownership information of the entity is part of what gets reported. The rule is aimed at increasing transparency in residential transactions that don’t already go through regulated lending institutions with AML (Anti-Money Laundering) safeguards. I’m genuinely curious how this plays out in the real world: • Do assignments trigger reporting at end-buyer level only? • In a double close, is each leg reportable? • Does this shift how wholesalers structure purchases? • Are creative finance operators going to feel this more than fix-and-flippers? • Will this effect assets purchased in Trust and things of that nature meant to protect the owners identity from lawsuits? I’m not taking a position, just making sure we’re informed and thinking strategically. Would love to hear from anyone who may have already closed something post–March 1 or has spoken with their title company or real estate attorney about implementation. Any feedback from our title guys and Attorneys. @Sergio Pastor