The current climate dictates that one should try to develop every lead, even those that may feel too intimidated to talk to a direct representative.Great explaination Eric!

Mortgage Officer/Real estate Attorney/CPA should be stops you make before developing your business plan.Good LuckGary

These economic slowdowns take a while to develop.

Say you are developing a building in NYC. 5 floors lets say with 10 apartments total.

I'd like to learn management, and then investing and development.

I own a few companies that deal in all areas of real estate including; custom home building, production homes, commercial projects, land development and real estate brokerage.

Originally posted by "PNW":Somebody wake me up if prices drop 50%, because I'll have some serious buying to do at that point.Well, I have more than a couple neighbors in my condo development who bought in when things were high, and they paid just about twice what I paid for mine only 2-3 years earlier (they got in at ~160k give or take a few, I got in at 82.5k).

This is a question for Joe: If you are in the business of property development, are sales of homes considered capital gains, or ordinary income?

We also have two properties we are developing in Costa Rica a Mountain resort and the other is a Golf Resort/community.

This pattern should be religiously followed because the court will see you as a "weak" landlord for letting a pattern of lateness develop.