I think you can especially profit from it if you can lock in loan rates before the July 1 interest rate hike by the fed:http://www.1stmillionat33.com/2006/06/a-strategic-trade-in-this-housing-market/I know some of you are quite risk adverse, but all signs point to interest rates climbing for a long time to come.

Internet says no such thing as long as the 1031 exchange involves trading "equal or higher" for the replacement property.

Either owned and operated a small business and it became larger, worked for a successful start up (think high tech), that went public, went to "trade school" (doctor, lawyer) and went to the upper reaches of their field, or worked long and hard at their job, saved and invested wisely and didn't pi## away their money on foolish things like new cars every two years etc.There are two sides to becoming a millionaire, getting it (offense) and keeping it (defense).

Thousands show up at trade shows, free seminars, bootcamps, etc.

I even saw one where a woman was trading herself for free rent.

also any tips of the trade from anyone is appreciated.Greg

Any kind of business that makes you think on yourfeet and make decisions.Forex trading comes to mind.But used car sales will do it too.

Its always good to familiarize yourself with the tricks of the trade (because there are TONS) to not only protect yourself, but your investment.A few ways to get involved are:build a relationship with a developer.find ways to service what they need like:Offer Title Services at a discountOffer brokerage serviceStart a Retaining wall, fencing, irrigation companyif your an engineer offer to take a second look at some plansIf your an architect do the sameIf you are an attorney offer some advice on contractual obligationsIf your an analyst, draw out some cash flowsIf your an accountant, offer to help, create JE's Adjustments, filing, etc.If you have a knack for construction, get out to the sites and look around.If you are good public speaker, get in front of the County officials and pitch a project to the county.Look for the meetings in the county and attend a couple of hearings for development approvals...its public.If you are a banker, look at the deals, contact the developers in your area, go meet them, offer services. etc.Development is about getting out there and putting your ear to the ground.

With a 605 credit score and it sounds like slow pays on at least one trade line you may not be able to qualify for a conforming loan.

What are some tricks of the trade to get the most out of our investment for this home?