All Forum Posts by: Greg Hammond
Greg Hammond has started 5 posts and replied 36 times.
Post: Is it better to use a title company or real estate attorney to close?
- Investor
- Louisville, KY
- Posts 36
- Votes 8
Originally posted by @Clay Smith:
I use an attorney. I get free advice and use them for trusts, wills, llc formation, and more
Clay I was thinking of using an attorney as well. Do you know if there is a huge cost difference between a closing attorney and title company? Can you recommend one in Louisville? I was going to try a double closing or maybe even a back to back closing. Do you do many wholesale deals or are you mostly buy and hold? Sorry to bombard you with questions but you seem to really know what you're talking about.
Post: Getting Busted in Ohio for Wholesaling and Praticing RE without a License
- Investor
- Louisville, KY
- Posts 36
- Votes 8
Originally posted by @Clay Smith:
Originally posted by @Greg Hammond:
They sure don't tell you that in the REI courses! Does anyone know if you have to be licensed in Kentucky? I'm about to close my first deal and I can't find anything saying that I need a license. Thanks in advance, Greg
I have bought from wholesalers without issue in KY. Generally you get the house under contract with the rights to assign it out. This way you are controlling what you sell. Ask Harry Border, Sharon Vorneholt, Mike Butler...you will be ok.
Thanks for the quick response Clay!
Post: Is it better to use a title company or real estate attorney to close?
- Investor
- Louisville, KY
- Posts 36
- Votes 8
I am new to REI and I have a wholesale deal under contract in Kentucky. Now what? Should I find a title company or real estate attorney? Should I have a buyer in place before I pay for a title search? Any help would be greatly appreciated!
Post: Getting Busted in Ohio for Wholesaling and Praticing RE without a License
- Investor
- Louisville, KY
- Posts 36
- Votes 8
They sure don't tell you that in the REI courses! Does anyone know if you have to be licensed in Kentucky? I'm about to close my first deal and I can't find anything saying that I need a license. Thanks in advance, Greg
Post: I have less than $3K to start REI, what are my options? How did you get started?
- Investor
- Louisville, KY
- Posts 36
- Votes 8
I am new to the game and REALLY want to get started but don't have a lot of startup capital. I've been researching A LOT and I'm ready to take action. I'm looking at wholesaling but would LOVE some input! How did you get started?
Post: How old were you when you got started in real estate investing and how did you get started?
- Investor
- Louisville, KY
- Posts 36
- Votes 8
I'm 40 and looking to close my first deal. I've been researching for the last couple of years and just recently jumped off the fence. I have a steady job, 3 kids (one in college), and not a lot of savings. I'm looking to wholesale the first few deals to gain capital so I can buy and hold and I would also like to fix and flip a few. I used to be a GC and licensed plumber so I'm definitely more comfortable with that side of things. I'm very excited and can't wait to get rolling. From what I've heard after the first deal it all clicks and it snowballs, I hope that's true! Good luck to you!