I have been in the REO industry for 6yrs and just completed developing an REO software for realtors and preservation companies, and unlike others it is not web based so no monthly fees!

If you develop a good marketing plan and stay consistent with it, you'll find plenty of good deals.Keep in mind too that you have to go through a lot of leads to find one great deal.

They are looking to raise 10-20million.Each smaller LLC brings a min of 5 shares valued at a total of $250k (50k each)I cant find the Hippoze Bulk Investments LLC listed anywherenot even at http://kepler.ss.ca.gov/ which is supposed to be current as of 2/29/08The LLC Hippoze is however founded by a local reputable respected Agent.He will make decisions on which properties to purchase.Somehow though this just doesn't feel right even if it is friends, I will have my accountant look at it but so far there is no real business plan just a question and answer sheet and a few meetings.

The puff when it comes to their product and reputation.

On that note the information gathered should be used to select a good attorney to assist with developing the business.How are you pros managing your seller financed business?

Often times (and I have seen this happen) a developer does improvements based on a certain tenant going in.Then the (A grade) tenant doesn't stay as long as anticipated.The second or third generational space user going in pays much lower that the original lessee because of their business model.So you just have to be sure after improvements if they bail you can lease at the same rate or higher and that there will be demand for office space.Washington and other areas unemployment is low.Most of the other areas unemployment is very high.This puts pressure on businesses and makes very few new starts up happen.For this reason in Atlanta office is overbuilt and vacancy last I checked was at 20%.

I have to agree with Kyle that making offers without the intention of carrying them through could cause a lot of legal problems - not to mention the damage to your reputation!

(Btw, I don't mean this post to sound as if all contractors are thieves, I know there are reputable and honest ones as well)I was wondering how you all got started and if you could offer any advice!

Thank you for the Welcomes,The Interview with James Vermillion was Interesting, Especially the fact I currently Deployed, and using my Time to Develop my Game plan for my Return.

I like commercial because there is not as much competition for it.You can structure a deal more creatively and there are more different types of lender loans than for residential.Residential is highly regulated by the government now.Commercial I don't want the government messing it up as well and squashing creative financing.I like commercial for economies of scale and ramping up larger transactions.You can make money in residential it is just not my thing.I like retail and multifamily.Medical will be hot for many decades to come as well with the boomer generation retiring.I don't care much for industrial but I am seeing some transition areas where a developer takes an industrial shell of a warehouse leasing at 2 sq ft.They put improvements in and get rezoned to mixed use retail and get 15 sq ft lease rates.