-ShalinBe careful if you transfer the title to an LLC after the purchase you could trigger the "due-on-sale" clause.

3.He said the notes are in compliance but I thought with the Dodd Frank and Safe act it wasn’t legal?

Doing a quit claim deed from personal to LLC may trigger a due on sale clause.

I tired to pull the trigger on a small 6 unit on Potters RD by Cazenovia Park in South Buffalo last fall but got out bid.  

Debating if I should wait or pull the trigger and refinance in 6 months to probably take advantage of the housing decline anyways.

This might trigger a zoning refusal.

Was this considered a sale that would trigger potential tax recaptures?

I have been interested in investing in real estate, and will eventually, but was wondering if now would be the time to pull the trigger while prices will be lower.

I am aware if the consequences like “not due” yes, but in order for that to be initiated you have to trigger something in the lender/government program to see that you are using it as an investment property.

They have been very helpful for us with many forms that have been reviewed by the legal department for compliance with local regulations.