I have to say I was very suprised at the state of the California real estate market. I went with my mentoring students on a property tour of 5 properties this past Monday in the valley in Los Angeles. I saw properties in 2006 sold for 596K and on the market now for 265K. Forbes magazine said LA would be the first market to rebound and I think i know why. I saw something this week California has not seen in a decade “POSITIVE CASH FLOW”. So gear up California because there are great deals coming your way. Make sure you are selective and wait for the homerun deal.