The market is flooded with builders who moved to building rental developments rather than risk sales of any type.

You might consider finding out which lender the developer has dealt with locally.

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?