I was curious if anyone here belongs to an REI club near the Stockton / Modesto / Tracy area in California. I have looked up the REI clubs on this site but none of them appear to be established in these areas (Sacramento is popular but I am looking for something closer).
I live in Tracy and I see foreclosures all around. Now that I am seeing asking prices fall below $100k on single family homes I think there may actually be an opportunity to generate cash flow. I use the cash flow formula: 1/2 Rents - Mortgage = cash flow (thanks Property Manager - great book)
So if anyone is in this area and knows of any new REI clubs I should look into please point me in the right direction.