Some things impact current cash flows, some impact future cash flows, some impact current taxes, some impact future taxes...Is this a good buy or not and should you keep it: Can you afford the cash outflows required to sustain the property?

The way to make in money in CA real estate is to create the value through dev or re-dev and then sell it to all these investors paying absurd amounts of money!

Maybe you can just find some web sites that let you list land online, or just put them on ebay and see what happens .. you can also create signs around town that say "land for sale" .. with a number and directions, maybe an address ... post in forums, and local bulletin boards around town ..

That said, we've tried to create a "pure" community here.

You have to start marketing on your own to get people to call you first when they want to sell their home.I created my website specifically to help you and everyone like you.

Possibly, they could sue you for specific performance and force you to sell, or somehow quantify the loss they sustained when you did not deliver (hotel expenses b/c of no home to move into, etc.) and (also) sue you for those damages.

We've created 2 new threads for foreign investors, and American investors looking overseas.

Any advice or input greatly appreciated, since I am a newbie that never even own a home.My goal is to creat positive cash flow, and hopefully owning at least 5-15 properties in the next 5 years, be able to quit my full time job to spend more time with my family and be in this rewarding hobby call REI.BTW the cities I been looking at are:Buffalo, NY - But probably wont do it after I talked to a few people that still have families thereIthaca, NY - I am leaning forward to this but worries about an exit stragtegy if something was to go wrong since the last year I think only 135 homes were sold.Ohio - not sure where yet.John

How to Create Multiple Streams of Income: Buying Homes in Nice Areas with Nothing Downby Peter S.

Avoid negative people and then use that same energy that fear creates and turn it into positive energy in your life.Only then can you turn indecision and fear into power and action.