I have met a mentor, Kenneth, who has been a general contractors for 16 (ish) years in San Francisco area... and involved in construction work for over 20 more years...

Yes indeed it involves mostly land.

Every generation but ours has been involved in great hardship.

There are fees involved with a 1031 exchange and the savings probably doesn’t justify it.

I am very involved in the National Association of Home Builders (NAHB) and the National Independent Electrical Contractos (IEC) - my fellow members are laying off folks left and right.Construction, which has led the country in the past to wealth and riches, may just end up being another casualty in this economy.Bail out for small electrical firms in Harrisburg, anyone?

Yes, but they have to be actual posts that add value to something . . . this post, for example, is what we call a fluff post and doesn't count towards the five.Jump in and get involved in the discussion happening on the site and you'll quickly have access to everywhere you want.

I would pass on this deal but keep my eyes on the building-specifically the foreclosures in place.

Not to mention, Lehman was probably only involved in the initial transaction.

I simply looked her in the eye and asked her, "Between the two of us, who do you think can afford more attorney?"

What area of real estate are you involved in?