I do a lot of searching through the MLS and county records, and come across these fairly often, but am curious as to who/what they are. Hedgefunds, large buyers, mortgage companies etc.
They usually say something like Pkg 5-dfw 28 llc, with 10-20 properties in each LLC. They are bought/sold at the same time as well.
Residential Real Estate Agent · Atlanta, GA · Member since 2009 · 381 posts · 134 votes
1y
Go to your secretary of state to look up the LLC. Look at the articles of incorporation. Keep in mind banks still pool forclosed assets together and sell them all together as a group to one company. And large hedgefunds also to the same, they sell a large amount of homes in a group to another hedgefund.
Real Estate Broker · Boone, NC · Member since 2024 · 82 posts · 55 votes
1y
A lot of these are institutional investors, hedge funds, or large investment groups packaging multiple properties under one LLC for liability and portfolio management. Some are also wholesalers or syndicators structuring deals this way for easier transfers. I've got a buddy who LLCs each property individually and just names them after the address—keeps it simple and clean for bookkeeping and liability separation.