For me that would mean that the property would need to cash flow as a long term rental with a reasonable down payment as plan B and/or had a value add play to get a quick forced appreciation equity bump to sell at profit or cushion against a drop in prices as plan C ... and last I checked, this didn't seem to be easy to pull off in Big Bear (or nearly anywhere else in SoCal) at the moment ... doesn't mean it can't be done, just means it takes more skill, discipline, and hard work to get it done today with this safety cushion rather than forcing a deal which can quickly degenerate into gambling. 

My short term goal is to purchase my first investment property (duplex/quadplex) by March of 2017.  

The tenant hasn't paid for 3.5 months and his lease expired on March 1, 2016.  

People need to band together, to get information, sign the petition, find out more about the class action lawsuit, see about the newspaper articles we're getting published (me as one).

There's actually a BP meetup happening this Thursday evening, I'm planning to go for the first time to network with some other investors and see what marketing strategies they're having success with -- see this post for details: https://www.biggerpockets.com/forums/521/topics/290724-march-raleigh-nc-meetup

Hello,I wanted to share with the community here my little success story.I work full time for an oil and gas company in Houston, and with things being the way they are, I decided to find alternative ways to compliment my income and replace it when needed.Real Estate was the investment of choice for me, I started reading about the RE business in July 2015 and I then came across BB where I learned a ton of information.Was so motivated and I committed myself to doing my first deal in 2015, I bought the deal in Nov. 2015 the house was in a good school district but on a very busy street which –I think- scared other investors.The house needed new roof, foundation work, new AC and full interior update which is not a typical first deal but the numbers looked good so I decided to jump in.The rehab work took about 3-1/2 months and when it was done I had a full time offer in 2 days, just closed on it on March 13th.Could I make more money?

Some states require that you disclose that you are buying it and re-selling it shortly thereafter for a profit (A-B) and that you have recently bought it and are selling it for a profit (B-C).

I'm not sure if it meets at the same location as March ; hopefully one of you knows or they update the link soon.

Welcome to BP @April March Great to see you taking on REI again.

A future interest following a fee simple absolute cannot be a remainder because of the preceding infinite duration.For example, a person, D, gives ("conveys") a piece of real property called Blackacre “to A for life, and then to B and her heirs.”