Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on .

User Stats

10
Posts
0
Votes
Ike Mouser
  • Rental Property Investor
  • Elizabethtown, KY
0
Votes |
10
Posts

Seller financing and wraps legal in kentucky?

Ike Mouser
  • Rental Property Investor
  • Elizabethtown, KY
Posted

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:

https://apps.legislature.ky.go...