All Forum Posts by: Scott Hesseltine

Thanks Clay

Homeowner gets amount you agree upon for sale price (usually full ask with some appreciation over 24 months) in the option as well as higher rent if you structure a portion of rent to go towards RTO, you set price of the option and keep that amount for setting up the deal finding and screening the RTO candidate. I'm trying to find out if this would be considered option dealing and violate any laws in Kentucky.

Does anyone have experience with Rent to Own lease option matching where you connect owners who are interested in rent to own with renters and profit on the option? I also was told that in some states like Colorado and Kentucky there are laws about "options trading" which could apply to this type of scenario and possibly to wholesale options.

@Dmitriy Fomichenko thanks for the warm welcome, much appreciated!!!

If you were brand new and just getting into investing, goal is to start with a few flips and then get into a brrr strategy what would be the recommended structure for the business in order to minimize tax impacts?

Thanks, much appreciated!!! 

Thanks for the reply @Michael Seeker; our thinking is that if we go right into rentals we would end up tying up our capital longer than on a flip and limit our ability to grow our business but by starting with flipping we would be able to add to our cash position and then when we enter into the rental space we would have more cash available to further invest. I was also thinking that going right into multi-family wouldn't be feasible becasue it requires more money to start, is more complex and it might be better to learn property managment first through single family rentals and/or working with a property management company to start.  Do you see any faulty assumptions in this line of thinking? I am guessing there are several and wonder if the idea that rentals will tie up our capital isn't entirely accurate and may be due to lack of understanding of the financing strategies available, any feedback would be greatly appreciated.............thanks!!!

My wife Sharon and I are brand new to real estate investing.  We are from Louisville Kentucky and have begun to explore deal analysis for flipping distressed properties.  My wife and I moved to Kentucky from Minnesota in November of 2015 and we purchased our home in December of 2015.  We are interested in learning about auctions, foreclosures, deal analysis and developing a process/discipline for flipping distressed properties.  We would like to complete a successful rehab and flip as a way to build our capital and move into a rental portfolio and more complex deals possibly multi-family.  Being so new we are eager to learn from others and have a lot of questions about analyzing deals and structuring our business.  Our goal is to successfully complete our first deal by October 2017.