Originally posted by William Alston:In California the lenders have until 4 years from the date you made your last payment to file suit and sue you for their losses in these cases according to Mortgage resolution Trust, one of the big players out here.

Once upon a time , 100 years ago, I was a licensed broker in CO and CA.

Here in Stockton area of CA, many realtors are going that exact route with all the foreclosures.

Old Pa. guy from Ca.

Mostly in TX, looking for opps in CA, and possibly GA & NCWhy don't you fill out your profile and tell us more details about yourself, your biz, and your experience so we all can have a better understanding of who you are and what you have to offer.You have started several thread topics but have not told us anything about yourself to date.

It is said that during the last century Carlo Alberto, king of Piedmont and Sardinia, disembarked on the island in search of the mythical goats of the golden teeth (phenomenon caused by a grass that causes these reflections), and had remained so spellbound by it as to nominate its only inhabitant, Paul Bertolini, "king of Tavolara".

I recently moved to CA, where I registered my first LLC, last December.

If cash is king, then leverage is the queen.

Vasia, While I like the enthusiasm and the fact you are starting out much better off than many, I personally think you are being overly optimistic about how much you can save over 1-2 years. 72k after taxes, especially in California, is not a ton of money that would make it almost impossible to save 30k a year, especially as a young guy of 22 or 23.

The first property up was 7.15 acres somewhere a few miles out of Lone Pine, CA