Many investors will use a Conventional loan to close in their own name and then transfer ownership to an LLC; however this will trigger a due-on-sale clause, allowing your lender to call the note due in full within 30 days if they so choose.

You probably already know this stuff but before you pull the trigger run your #'s in a worst case scenario.

This discussion seemed to trigger past ghosts??

I have been dreaming of owning a multifamily property since 2006 but never was able to pull the trigger due to financial issues.

On April 12th, there was a death in my extended family that seemed to trigger a tailspin of activity... since then I have been in South Carolina, North Carolina, Chicago and Colorado.

Tax return time does seem like a good time to start selling.If I find a good deal now maybe pull the trigger.

I'm ready to pull the trigger.

Hey Dan Shoemaker I can try (put it on Facebook, etc) but the best way is to start a thread in the Networking forum and trigger people's Keyword Alerts.

Found a property in Nashville, actually Old Hickory, with good numbers thought I'd run it by my BP friends before I pull the trigger (this is my first buy and hold cash flow property).

Howey which states the structure is:1. investment of money due to2. an expectation of profits arising from3. a common enterprise4. which depends solely on the efforts of a promoter or third partyIf you say yest to all four then it is a security and will trigger the need to register the investment with the Feds and possibly the State regulatory agency.Common ways to avoid the expensive process of registration is to structure an LLC with all members participating in management or a tenant in common ownership structure.The other way to enjoy the benefit of raising private money is to avail yourself of the exemption rules.