California and although the real estate market is still going well, its a little "pricey" for a public high school teacher's salary (me!)...

Investing in Southern California right now is treacherous.Best to wait for property values to plummet a bit, and forforeclosures to weed a few out.

However, I consulted different real estate agents and they said in the state of California they don’t think that it will hold up in the court of law.

If it helps i own property in three different states and i live in california.

the cons with it is that if you stay in it long time, you could end up in a negative equity situation..because your payment is lower then the p&I and ther is no principal going towards the balance..that is if you continue using or paying on the neg am choice..the option arms and neg am's are really popular in California..but their making their way across the u.s.

A couple years ago in California we were able to clear 100K on a rehab project with sitting on it for 6 months.

I'm looking at several things right now but being in Southern California, most everything dealt with property out of the area or guaranteed that someone, even if it would be indidrectly, would be dealing with tenants or "lessees".

So All Cash....Are you saying that agents in So California should keeptheir licenses for all the HUGE foreclosures that are goingto go on there in the near future?

Being that I am not from California, I am am not sure how the tax records are.

I am interested in learning about REOs!