I'm still fairly new to the note space, but the notes I've written on Kentucky are the requirements to do business in KY are high... I'm tracking debt collectors license is required and a million dollar bond.
Again I'm new, but the advice I received from podcasts ect was to avoid KY due to the high requirements.
I know your looking to network with local investors, but with the high requirements in KY you may open your radius up to surrounding states as well.
My exact Notes:
- Million Dollar bond required
- Avoid this state for note investing
Hope this helps.
Get in touch with Michael Rogers, we actually went to a meeting about Notes on Friday. If you haven't already joined the local REIA, you should do so. The Facebook group for the Lexington area is named Bluegrass Real Estate Investors Group. The group and meetings are free. The next meeting is August 30 at 6:00 at the UK Federal Credit Union over on Alysheba Way.