I've been talking to a potential seller about commercial property for developing, with a city parcel that comes up for bid, could put 16 live work units on it roughly at $399,000 a unit now.

The property is probably worth between $680,000 and $720,000 with developement of 16 Live work townhomes four story possibly selling minimial $399,000.

I want to purchase and develope 12 four story live work townhomes with 4 three story townhomes, selling now at around $399,000 a piece will be more when ready to sell.

Is this the transitional phase from the developer, or dissatisfaction with the one you have now?

They will over estimate gross revenue, underestimate operating expenses or under estimate repairs.

Look forward to developing new relationships.

My forms and contracts that I use have been developed over the years, learning from experience.

For example, I have purchased several land parcels in which I have developed and built on.

In the end, very few sub-prime home owners will qualify... and if they do, has anyone yet found out who is going to pay for all this lost revenue to the lenders?

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