Hey guys, my agent brought a portfolio of investment properties to my attention with good cash flow.

Foreclosures/bank owned are just fine - especially if the property is already in the REO portfolio of the bank. 

My goal is to slowly grow a portfolio at 1 to 2 per year until I have 15-20 properties by the time I retire from the government at 50 years old.

I had every intention to form an LLC eventually when my portfolio got larger (and my potential liability gets larger), but now i'm leaning towards having my own business account segregated from my personal accounts right away. 

I'm not sure what your goal is to build a rental portfolio or flip houses or etc; but either one you should be able to refinance within year with the equity and pursue your goals. 

I am looking to wholesale a lot of 50 rental homes in the atlanta area.   Does anyone represent a hedge fund looking to buy properties or have contacts at a hedge fund interested in acquiring properties?

In your opinion would it be a better strategy to invest passively in a market like Brooklyn which is appreciating very rapidly average returns of 10-20% cash on cash.Or to invest in low income neighborhoods in Philadelphia and buy 2 family houses making around 20%-30% but not much future growth.I like the idea of building my own portfolio but I have limited access to capital and I don’t want to have a lot of partners to worry about.Any insight would be greatly appreciated.Heshie

Shawn,Glad to see your interest in Real Estate and getting started on something for your own portfolio!

- Renting - what kind of vacancies did you see in your portfolio?  

Louis type marketsLending - Find a good local portfolio lender.