Quote:
Originally posted by Penske_Account
I am looking to get into development and in fact just identified a home run project (projected 500K profit; in and out in 18 months and I only need a couple hundred k to finance the jump off).
Is a developer a lower form of life than a young right wing chickenhawk republican? If not, does my opportunity for the sex go up? Do developers drive Porsches?
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Take a number. The line of lawyers I know who've blathered exactly that story past me in the past 24 months runs three city blocks.
If you're flipping, hey... go for it. Thats all market timing and speed of transaction. If you're building, strap in. Everybody involved in the process knows the money is cheap these days, and they're going to pad every cost imaginable and grab every goddamned nickel from you. Repping developers is what almost drove me to resign without even a new job. But I stuck with it for the good feeling of helping a developer fuck over the bank, his contractors, his tenants and everybody else who got near him. Real nice business. Everybody's bankruptcy and loan workout counsel is a red telephone line away. I wish you well. I hope you make a fortune. Anyone who can hack that business deserves everything he can get.
No, the Porsche doesn't handle well on building sites. Try the Benz 4Matics.
