Seller financing and wraps legal in kentucky?
I am at the point now where I have learned as much as I can by myself and I was about to pull the trigger on heavily investing in a mentor so that I can begin investing with the proper support however I came across this article:
https://www.rtitlegroup.com/bl...
My strategy was going to be to acquire SFH's with owner financing and sell them on a wrap, making money on the down payment, interest spread and monthly payment spread. If what I read in the above article is accurate it would seem that is impossible in my state of kentucky, would that apply even if I'm using an RMLO, attorneys, etc. I was specifically studying Grant Kemp and Mitch Stephen but now I think all of that may have been for nothing. I am attracted to this strategy because even though it likely cashflow less than rentals in the short term it would essentially allow me to close one property, get a decent cash flow/downpayment and forget about it putting all my effort into finding the next deal as the bank not the landlord.
and here is the law: