MAYBE... pulling the trigger)There is no "get-rich-quick" scheme in real estate. 

It probably wouldn't happen, but TECHNICALLY it could trigger what is known as a "due on sale" clause.

Hi Eric,To avoid the issues with financing while operating through an LLC I will proceed in this way: establish financing and purchase the property in your own name, then transfer the property into a Land Trust (this does not trigger the Due on Sale clause,) and then make the LLC the beneficiary of that Land Trust.

I'm new to this fixing to try and flip my first house so I'm wanting to cover everything before I pull the trigger.

I am looking at moving properties from my name into a trust which, due to the The Garn-St Germain Act of 1982, cannot trigger a mortgage's due-on-sale clause (like putting a property into an LLC).

A few years back (80's or 90's) a string of murders triggered this legislation.

Sorry for the ramble but this posting did trigger me.

That means I have been doing a good job of research before pulling the trigger on my purchase.1) No performing work on the property nor doing the PM.   

Sorry, last post lolI should have mentioned that, in general - and especially for new investors - I recommend that people try to make a trip to the market they are considering before they pull the trigger on a turnkey investment.

But when it came time to pull the trigger I stood up, walked out of the office and started pacing the parking lot.