No development or new construction in 09 ...unless it is already funded.

Construction is the primary industry feeling the crunch here, although could get a boost from federal project money in 09.

In our construction business, we had a $30k LOC with them.

We said "after construction."

I would be interested to hear any constructive comments.Area Location: Northeast DenverSquare Footage: 1219Bedrooms: 2 Bathrooms 3 Two Levels Style: Condo/Townhouse Financial Information:Comparables: $169.725Assessors: $189,600Bank of America $173,700Average Rental $1050ROI .14 (.65 factor used)Rehab cost maximum $30,000 (should be less)Asking $59,000$1000 Earnest MoneyI am hoping that this will be a quick wholesale deal

They have continuously looked into my company as if it is odd for an African American to successfully run a construction company.

I did see that housing prices would have to stabilize and new construction needed to come to a halt.

My main interests are in "flipping" properties as I own a small interior residential remodeling construction company.

In my State 95% of the housing and apt bldgs were constructed before 1978 so basically 95% of all residences contain lead paint.

I've been running numbers, and if I can get something in the nicer area for $80k that rents for $1200 ... preferably newer construction to keep capital costs down.