I'm not in a position where I "need" to go back to work....but I am kind of bored and I've always been involved in community projects, scouting leader, coast guard auxilliary, pheasants forever, etc....

The area is part of a Fed, State and City refurbishment project of over $1B over the next few years.

There was no set timeline (should have been a 6wk project, now 5 mo and counting); the budget was mentioned to be about $30k, but was not itemized and was subject to change...but if this man abandoned the project or otherwise caused harm to it, my friend was entitled to quit claim him off and finish the project himself.

Look at all their housing projects accross the country.

I will be managing it myself in the beginning and I may be able to complete the project for less there for I might get it to break even until refied.

I have been a contractor for alot of years and have always been interested in real estate, so finding decent deals and fixing them up isn't a huge problem.Still working on exit strategies, talked a good bit with a local portfolio lender and looks like I will be able to get permanant financing after the rehab with them.Going to work with a hml and do most of the work myself, while expensive this should allow me to increase my reserves slightly during the project and then refi with no cash out, hopefully straight into the next project.

The site was engineered by the state and we finished the project.

We did a range of projects--rehabs, tear downs, sub divs, and condo conversions. 2.

Cash is King.If you are handy, plan on building property equity with small projects when you can - update a bathroom or paining, landscaping...Only take on what you can handle, what absolutely needs doing, and things that add curb appeal.

. :) I absolutely love what I do and enjoy the thrill of learning so much throughout a day, taking on the challenges before me, and interacting with the most outstanding people and working the most interesting projects.