All Forum Posts by: Kyle Dutson

My business plan will not incorporate bank lending on initial purchases. The plan will be to find private investors (people looking for a lower risk investment with a good return) to finance my deals with cash. Bank lending will solely be used for refinancing to increase cash flow. Using private money to purchase in cash should allow me to capitalize on better deals.

This is the ideal plan of course. I of course am new and will capitalize on any opportunity for a loan so long as the numbers work

Well, upon much consideration I have decided to put myself out there and start up an investment llc. The reason being that I eventually intend on doing this at some point and do not want to go through the hassle of transfering assets once I aquire them. Plus I also think it may help with finding lenders if I have an established co. with a solid business plan. Oh, and in the state of wyoming it is very affordable to create and maintain an llc.

But, the catch is that I have no practical experience in real estate investment. So, the quest for lenders is my first order of business.  I am not too concerned in finding them as I talk well and can be convincing but have some reservations.  Mainly, that I am honest and will run my business as such. That said, my transparency in my no practical experience is my downfall. I do believe though, that once lenders are in line the deals I secure will speak for themselves. Just securing lenders is the first and most daunting challenge. 

So, I am here asking for suggestions/pointers and anything else. No holds barred here. Constructive criticism welcome, suggestions, anything. 

Note: this venture and networking will begin very soon. As of now my employment is keeping me VERY busy but will be shifting in the next month. At which point I will have more time to concentrate on my dreams.

Hello to all, I'm Kyle and live in Laramie. I am new to REI and am looking for opportunities to meet up with other investors in the Cheyenne/ Laramie area. The wealth of knowledge and experience is indispensable to all and especially new investors such as myself. I would love to be informed of upcoming events/meet ups in our area. Contact me through BP for any opportunities or just to say hi.

Looking forward to meeting and sharing with all of you. Good luck on your ventures

Kyle

Thank you for the input. As of now I am in the research and learning phase. Lots of books and this wonderful sote/community. Sounds as if I have a whole lot to learn. 

New here and after much research  I am deciding to expand my portfolio from just stocks to real estate aswell. That said, I will most likely be looking for a seller financed property. Assuming I find said property at the right price and deal, what happens if I want to sell before it is fully payed? Would this be part of the deal? An option to sell when and how I choose or a promiss to hold the property?

The reason for asking is mainly this. I want to buy/improve/hold/rent but trade up when the opportunity arises. If the seller is financing the property for a steady cashflow + interest, wouldn't I be putting them in a bad position if I sell 5yrs in? They make less money, lose their steady cash, and possibly get hit harder on taxes. 

Any insight and knowledge on the subject would be much appreciated.  

Currently searching/networking for deals. Slowly chipping away at my dreams of financial freedom