He must be making the media rounds.

It doesn't... but I'm guessing you can only buy by the geo sub-portfolios listed... the one I'm interested in has 484 units (I rounded up to 500).

J,I know this is not an exact parallel and a little askew of the OP question, but how about early completion bonuses?

For managing rehabs for other investors, he gets 50% of income.For other jobs he helps with where we generate income (like helping my wife stage another investor's property), we'll generally give him a small percentage of the profit off that job.And then we generally give a bonus at the end of the year if we exceed our profit goals.I should also add that he saves us some money on some simple handyman type stuff, as he will do things like put up mini-blinds, replace outlets/switches, do minor punch list work, etc, while he is on-site.

Trent no offense but you are talking about a pipe dream.So you have zero experience yet want a huge payout.I have worked for developers assembling land.My biggest project was on about 25 acres with a 600,000 sq ft mixed-use retail project with an after build value of 150 million dollars.Money is tight right now and unless you have an awesome piece of land most developers are doing repositions where they can reface a shopping center and make new again.This cost much less money than building from scratch.New development has a bunch large down requirements as construction projects are required in phases for lending.What I have seen happen is they bought a piece of land as a group.Leveled it with the first phase of money and then starting putting in pipes and concrete and the second round of funding fell through.They could line up more funding but it is much more expensive then what they had before and the percentages would affect to much the partners that have already put in money.So in those types of situations the partners would much rather wait for the lending environment to get better to get reasonable terms for the next round of funding to finish the project plus rent rates will have most likely improved by the time it is built instead of right now and concessions will be down.Holding costs while waiting is a concern but is balanced against other factors.The anchor for a big project like that will wait a few years if the location is that good.If it is a sub par corner the anchor will cancel their commitment and move to a better location instead of waiting for that one to be built.If you like development go work for a firm with experience and put in your time learning the ropes.To think about this other stuff is a waste of time.

I took two trips of approximately 300 miles each round trip to buy my kitchen cabinets/sink/counter tops.

Been in Real Estate for a while now and this is the first time I've had a agent confess to **** blocking me on a deal...Should I send out a member mail to all the agents offering a selling bonus??

Your previous expierence will really help you as you start round two.

Hey, Jon Holdman, I know you are the moderator, but 12000 posts is such a nice round number.

The place will be sold by the time I go to buy another property adn the rest of them cash flow very well. ( by bank standards one makes 1480 after rent8.75-PITI, another about 800 after the same, I know that's not the real cashflow but for qualifying it will be bonus to my DTI) should I not show the loss on my taxes and just eat it (since I don't want to risk not getting a loan if it hurts my DTI) or will it not matter to the bank since it is sold and was sitting empty since I am looking for a retail OO buyer.