All Forum Posts by: Kyle Burnett

I live down the street from this property and pass it several times a week. Nice job with the rehab, I'm very impressed with how it turned out!

Welcome to BP! I'm a flipper and wholesaler in the area. The title company that I like to use is Hometown Title Agency. They are in Mason though so it might be a little far from you if you're in Kentucky.  Feel free to reach out to me if you need anything!

I use Hometown Title Agency. They will do assignments or double close.

I am with a monthly fee brokerage in Cincinnati and @Russell Brazil is correct.  I am using my license mainly for personal investment purposes and I do a little work with friends and family so it's good.

I usually tell people that if you're just starting out, you might want a place like Keller Williams who will provide you with a lot of guidance and training because you need that your first year. If you already know what you're doing and don't need much help then a monthly fee brokerage can save you a lot of money.

Keep us posted with some pictures of the progress!

Nice job!  Madisonville is a great area, tons of flips going on and the houses sell quickly!  Good luck with both of them.

Welcome to Bigger Pockets!

@Joe Fairless holds a good meetup in Cincinnati once a month which has a mix of new and seasoned investors.  It's a great networking opportunity that I would highly recommend.

That's normal for larger banks but there are banks that will lend to an LLC and you just have to personally guarantee the loan. One issue you could have is that a lot of banks require a 1 years seasoning period before they will refinance.

As for transferring it to an LLC after you have financing, it could technically trigger the due on sale clause but I doubt any bank would actually call the loan.

I use Spring Valley Bank and they should be able to do it no problem.  PM me if you want the contact info.

I'm a fix and flipper in Cincinnati and always enjoy networking.  Like Craig said, Joe Fairless hosts a good meeting every month that I recommend attending.  If there's anything I can help with let me know.

Your best option is to put the property in an LLC where you are the sole member, then the liability is solely on the company with you most likely personally guaranteeing the loan. As for Dower Rights, your wife doesn't actually need to sign for the purchase of the property, only the sale. I'm not an attorney so this is not legal advice, but I haven't purchased properties in my name without my wife signing, but then when I went to sell the property, she had to come to closing to sign.