If so, I'll move this over to the bulk REO forum.Second, and more personally, I'd love to hear some clues about how to get on individual REOs more quickly.

There will always be that individual that wants some one else to make the money for them.Have I made $5K in 20 minutes on one deal???

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.

Ideal price point between $40-$60k.Had to fill 3 vacancies so far this year so landlording certainly keeps me busy.

A SFR would be the ideal start point, or if you're feeling really really brave and want pop the clutch on REI.

Though I suppose the retirement account could act as the lender on many of the deals or is that prohibited because the borrower would be a disqualified individual?

My understanding is if an individual is charging for his time he accepts his own liablity.

Plus each deal is theoretically treated individually.

In most states you cannot manage property for another individual or entity if you are not a licensed real estate brokerage.

This will give you a pretty good idea of your local market as well as whats going on in individual hoods.