I was very suspicious of the model these newbies presented so I began researching the company... hence, I found this site.We are planning on selling a few of our rental properties in the first quarter 2008 so that we can reinvest the equity in some of the great opportunities available in our market currently.Jacksonville has weathered the market shift reasonably well overall but, of course, there have been casualties.

Newbie here and suspicious of a "great offer"Hippoze is the primary LLC formed for the purpose of purchasing, managing and selling real estate.Smaller feeder LLCs managed by GM's will have their own LLC under the mother ship HBI.Smaller LLC's run by a GM offer this "opportunity" to friends and family.Hippoze LLC would be the title owners.They are "Hoping" to refinance in 1-3 years but an investment period of 10 years is desired, It is up to the discretion of the GM what to do with the returned moneys, 1) reinvest with HBI 2) reinvest with another NON HBI investment 3) return to the individual investors.Depreciation and profit will be passed down to the LLC and investors through K1s.This is the small of it, our investment would be around $10K and each LLC will be $50K to 250K, supposedly the GM for our LLC has a substantial investment ready to go.

Maybe they have some suspicious reason to keep utilities off ...

I do not believe I can do an OO and qualify for a 3.5% because where I currently live is 2 streets away from this 4 family and would look too suspicious to probably any bank and would realize I would only be doing so in order to obtain the better rate and not have to pay 25-30% down.

Banks are rightfully suspicious of appraised values, especially in a still downward-trending market where foreclosures are running strong, and particularly when huge amounts of equity appear to have been created out of thin air on a deal.

I actually own a small construction co. and have recently chose to only use my crew in this area..I am building a website that will incorporate the neighborhood on certain pages, one of which will be a page that posts photos of suspicious activity.

It has a roof that is 6 years old and a new boiler. ...OK, 6 units, and one boiler = landlord pays utilities at least for heatI doubt there is a net of $19K based on gross of $31K with landlord paid heat.So right there, you should be clued in to be suspicious of any seller supplied data - it tends to overstate things in favor of the seller, much to the detriment of any would-be buyer.And the fact that the seller bought it for so little will partially explain the lower out-of-pocket for the seller; a buyer paying more will have bigger costs to deal with (in terms of debt service at least).

They claimed the law required them to add it automatically (highly suspicious of that...)I know how to proceed and file complaints etc., but before I start this I wanted to check on possible input from other WI residents with umbrellas.

Being very conservative and suspicious, I assume the worst case scenario: poorly-paying and/or non-cooperating tenant (hence listing an occupied property).

Also, all title companies vary but some may be a bit more suspicious of the assignment if it doesn't Spell it out in print.Bryan- You are absolutely correct in your posting.