WSJ article - Foreclosed Property Investors

Article published in Wall Street Journal on May 20 "Investors Pounce on Distressed Homes." Link to it at http://is.gd/Csat.

"McKinley plans to resell the houses in about five years for double what it paid and is targeting 20% annualized returns for its investors, which include wealthy individuals.
HudsonCross Financial is buying pools of 10 to 200 homes. "It only makes sense if we buy in bulk," says Mr. Cooleen, who worked in the structured credit trading group at Deutsche Bank that dealt in credit derivatives and mortgage-backed securities."