Originally posted by "PNW":Somebody wake me up if prices drop 50%, because I'll have some serious buying to do at that point.Well, I have more than a couple neighbors in my condo development who bought in when things were high, and they paid just about twice what I paid for mine only 2-3 years earlier (they got in at ~160k give or take a few, I got in at 82.5k).

This is a question for Joe: If you are in the business of property development, are sales of homes considered capital gains, or ordinary income?

Eventually, as he became aclimated to the idea, the enthusiasm kicked in but it took awhile.I'd try to get the go ahead for *just one* and make sure its a goodie.

We also have two properties we are developing in Costa Rica a Mountain resort and the other is a Golf Resort/community.

This pattern should be religiously followed because the court will see you as a "weak" landlord for letting a pattern of lateness develop.

Hello Everyone,My name is Wes Fontaine and I own a construction/development company in northwest Florida.

I was thinking about contacting developers, and seeing if someone would like to partner.

There is a new one for commercial properties I just did an interview with the owner/developer of:acrescout.comAnother interesting site is energizedseller.com but can't remember if you can post listings there or just create an agent profile.

I once purchased a condo from a developer/converter who, because of 1031 Exchange rules, had to maintain ownership of at least 25% of the units in his 100 unit building for at least a year before selling.

At the peak of the bubble, these townhomes were going for maybe $220k, so it's already come down $30-40k.With that in mind, I was thinking of selling our place and maybe renting for a little while and ride out further downward price movement, and eventually find a single family home at a great price for our primary residence, which is what we've been wanting to do for a while (maybe an REO or pre-foreclosure).I was thinking that since I have a ton of equity in my place, I can be pretty flexible.