Most of the assets are in 1st National while First Heritage accounts for $254 million.Any predictions on the next banks to fall?

The problem a lot of beginning investors have, though, is they don't know a good price, they can't accurately predict cash flow or how to determine whether they'll have POSITIVE cash flow, and they don't have an exit strategy in mind when they buy a property.Educate yourself, learn your local market, and invest!

If you check out this techie guy Kevin Kelly: Predicting the next 5000 days of the web on the youtube he explains it pretty well.

It predicts less, not more.

No, I don't think so, but they are now saying the bottom is 6 months away and then of course there will be a scramble to buy and if prediction and history prevail, the market should go up.Jurdy(Florida)

It is impossible to accurately figure the expenses for a particular property and a particular time frame - there are simply too many expenses that can not be predicted.

It takes ALOT more work then your every day buyer and seller, but repeat business is worth its weight in gold, and friendship will last a lifetime.In this market, investors are the key to being successful, and this would e the site to meet them by my prediction. again, good luck!!

There were 47,171 foreclosures on California properties in the first quarter of 2008. The figure for the same period last year was just over 10,000.

An increase was also reported in the state ...

I hate the idea of government intervension but I now believe that unless the banks or the government does something for homeowners my prediction is that the majority of homeowners who bought using 100% financing from 2005-2007 will let their homes go and anyone who pulled out a bunch of equity during those same years will let go of their homes.

Good point, Jon . . . anyone want to start a pool to predict who will be left standing?