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.

Hello Everyone,My name is Wes Fontaine and I own a construction/development company in northwest Florida.

I was thinking about contacting developers, and seeing if someone would like to partner.

There is a new one for commercial properties I just did an interview with the owner/developer of:acrescout.comAnother interesting site is energizedseller.com but can't remember if you can post listings there or just create an agent profile.

I once purchased a condo from a developer/converter who, because of 1031 Exchange rules, had to maintain ownership of at least 25% of the units in his 100 unit building for at least a year before selling.

, and I introduced myself a few months back, but I wanted to do it again, as I think I have more clarity in where I'm heading now with RE investing (at least over the next 6-9 months) and wanted to share that.I'm a newbie investor, focused on becoming a great wholesaler, with a longer-term desire to be a buy-and hold investor and develop more sophisticated skillsets (lease options, foreclosures, sub-2, etc.).

Thanks Bigger Pockets and all of its users for sharing the information that has quickly helped me develop as an Agent in the REO market.