Hi everybody, I am Cristian, I've been in the development business for plenty years and now I am looking forward to get more involved into the flipping business.

Hello everybody. I am from Chicago, I have a construction company which 90% of our work is for investors so its still into the flipping and rental business. But I want to make the next step and start doing my own flip...

I commend you for asking questions and trying to identify what you don't know.What Account Closed are getting at is that many new folks see CAP rate and think "That's the return I'll get on my investment."  

I have also been learning from a local RE broker and developer, and a few others involved in RE, politics and law.

Selling shortly after completion would be developing, subject to ordinary income tax.

You also need a good BS Meter, read my blog on "How To Develop A Good BS Meter"!

I look forward to working with Bigger Pockets and developing new business relationships and friends. 

Caution on speculative developing raw land - - you can get burnt real bad.Suggest a marketing plan and presentation that you use to find that Anchor tenant and get them under contract before breaking ground.I'm sure you know the Anchor is the key here and w/o one, it will all wither and languish. 

Then develop your own plan of attack.

Go to my profile page, to the right are my blogs, read "How to develop a good BS Meter" if you are the smartest guy in town, you'll figure it out.