you will need a commercial lender or portfolio lender since you have the property titled in a LLC.

Most large banks use some type of asset management company (AMC) to manage their portfolio of REOs.

The balance is in a few stocks, Nike, Wendy's, Tim Horton's, (that's about 3%) and a well rounded portfolio of mutual funds.The funds have provided a bit of excitement the past few weeks, but I'm only 60 so I can't go to all fixed income stuff yet.My % of mortgages is a bit lower than normal as I've had a few people sell or refinance in the last year.

Could you imagine a retiree who’s portfolio was heavy in that stock?

I'm convinced you are right Tim, it's just that I am shocked to see houses for this cheap, they all seem to cash flow even at 20k-30k, I'm only imagining the portfolio growth rate you guys are experiencing, it must be sick with all those great deals around.

Thanks everyone :Dand to msedwick:I am most interested in development, but before I just jumped into that I wanted to build up a little portfolio, make some contacts in the industry (other investors, banks, construction, etc..), and move upwards from there.Again Thanks Everyone!!

If you're wanting to build a rental portfolio, paying someone to do the maintenance will just increase the time it will take you to do it.

We do this occasionally when we make a private loan if the deal is too "thin" we will also tie up another property in the investor's portfolio to ensure performance.And having the props "owned" by your LLC is not the same as having the financing originated and vested in the LLC.

I need to either invest remotely or move to a more lucrative area.I want a large portfolio of rental properties at the end of the day... and California is making it real tough to achieve that goal.

Total insurance coverage is limited to 10 percent of the lender's Title I portfolio.