But there is still plenty of meat on the bone whether we fix'n'flip, or just clean it up and rent it for a year or two. 

It's like when sharks see fresh meat in the waters. 

I had a couple lenders waiting in the wings that had pre approved me for a stated income product, due to low earnings reported on previous years tax returns this was the only option for me at the moment.

Hi All, I'm flipping a condo in Cook County (Illinois) and recently discovered that the GC I've hired and paid more than 80% balance of labor has not paid the subcontractors.

Hi All, I'm flipping a condo in Cook County (Illinois) and recently discovered that the GC I've hired and paid more than 80% balance of labor has not paid the subcontractors.

HiAll, I'm flipping a condo in Cook County and recentlydiscovered that the GC I've hired and paid more than 80% balance of labor hasnot paid the subcontractors.

He keep tagging his emails to me at the end "Remember, there are no more "Good" deals."  

That quad purchase puts me at 15 units in just under a year from that conversation with my CPA.

Some questions for those with a few development projects under the belt and a good grasp of the "financial engineering".Let's assume the following numbers for a multi-unit suburban residential project:Newbuild sales value: 3.8MUSDConstruction cost: 1.6MUSDCost of terrain: 0.8MUSDPotential gross profit: 1.4MUSDSo with a 36+% EBIT margin there is plenty of proverbial meat on the bone.

It seems to me at least, that price drops have started at least in this area.