If you have a separate LLC for every property, you're going to have big administrative hassle, depending on the state yearly minimum taxes for each, and -- this is where he comes in -- a separate tax return for each.

I work as a network administrator for a global engineering firm, with entry level pay.

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We just recently got involved in the bulk REO game (by sheer happenstance I might add) and am looking to learn all I can about this niche industry.When I'm not working in RE I volunteer as a consultant for SCORE which is a small division of the Small Business Administration.

Since you have a BA in business administration, I know you have the discipline and drive to get whatever goal you set you mind on done.

You generally need to have a separate business bank account for each LLC in the Series, and there are a few other things you need to do to keep the liability separation you really want - but overall it saves on administrative red tape and filing fees....

All they were doing, building reserve campaigns, new reo offices and administrative structure, it all alluded to a swap program, build xyz reserve, dump xyz reo's.

When you get that serious, you also have to beef up your administrative costs.

I am very fond of direct mail to the administrators of probate properties.

src=/program_offices/administration/hudclips/handbooks/hsgh/4240.4 Do a word search in the handbook and look for "investor" That will bring up all the sections Im referring to.Also, the location of the property does concern me.