That will trigger a compromise and will get you into a property you don't want.

Pulling the trigger on the first one is a little scary, but it's time.

When established in the correct order the Land Trust doesn't trigger the same red flags with the Due on Sale as the direct transfer of a deed into an LLC, and the Land Trust can be created in such a way that your name does not have to appear on public record for the property - you can have your attorney sign for it as a "nominee trustee" until it is formed and then have it pass down to you after the signing is complete.This is a much more flexible system that works at large, but if you can find a bank that works direct and favorably with an LLC that is generally a bit easier (though your name will still appear on public record for that property.)This isn't legal advice, just my opinion as an investor.

I think you were a bit high on the rent estimate and a bit low on your vacancy allowances though, unless you have some other source you are seeing that number from.Let us know if you pull the trigger and good luck! 

Hi, I am new to Bigger Pockets forum and I'm trying to get advice on pulling the trigger on my first deal...The house is listed at 230k and I really don't want to pay more than 205k.

Action steps: Go to a few auctions to learn and then pull a loan from your TSP to pull the trigger and get one of these foreclosures.

@Clint GallianoFor those that have NOT yet got started...Educate yourself on the numbers, find what looks like a good deal to you, pull the trigger and make an offer.

This one might work out long-term, but your margins are thin and even once you flow positive your returns aren't impressive.More importantly, your posts read like you want BP to convince you to buy the property - like you're not even really sold on it but you want the go-ahead from the hive mind to pull the trigger on something that's 'good enough' so you can get started now rather than waiting until you have more capital.

Its great you pulled the trigger after four years, I am sure the next one won't be that long!

Hi all, not sure if there's a clear answer to this, but just curious to get your thoughts.I have a steady cash flow at the moment where I can save a few thousand/month. How do you guys decide whether to purchase a pro...