For one, the income is passive income and is ok to have under your name as long as you fill out the right tax forms. having an llc will give you certain protection but will not change your tax status, if you are the only member your income is reported on your personal taxes anyway. you also need to be careful with a quit claim deed to switch the property to the llc. a lot of times with banks that will trigger the due on sale clause, which means they look at it as the property was sold to the llc, which means your mortgage would be due in full to them.

hello bp community. good day. i just have a question. is it possible to buy a house with owner financing when the property has a mortgage on it. ( not an over leverage house) its a debt with equity property, because in our area one of my friends said that if a house has a mortgage on a bank and the property was sold to another buyer, the bank may trigger the due on sale clause and may foreclosed the house if they will know about this trans. im just a little bit confused guys. any help from anyone is much appreciated.

I have not pulled the trigger yet.

You want deals on a silver-platter, not the opportunity to waste all your available time educating Realtors on what's a good deal and what it not.If you're looking to investing out of state, I would maybe suggest looking to network with "turnkey" providers who find the properties, rehab them, rent them, and even manage them for you.There are tons of great articles on here about investing out of state and analyzing different market places, so be sure to check those out before you pull the trigger.

I just pulled the trigger in February on three investments, we will see how they pan out.  

I didn't have a LLC established or the experience needed to help get them to loan against a LLC like I will try in the future with a track record on my newly formed LLC.So can I transfer the title into the LLC without triggering the due on sale clause?

Here is how I did it.One of my internet alerts was triggered and I found a property that was For Sale By Owner. 

My bank is offering me a HELOC on the house I'm about to pay off but I just haven't pulled the trigger yet.Thanks in advance for any help!

Not exactly sure but just know I don't want to get stagnant now that I actually pulled the trigger finally. 

Hi Everyone,I don't know why I always get nervous when it's time to pull the trigger...several years and purchases into this thing.