Hello, I am new to real estate and looking to get into it and out of renting and starting to work on building that generational wealth. I am a self employed residential general contractor. This year we cleared about $...

Preforeclosure, Pre-Probate, tax liens are  OK -- however most seasoned and newbie investors are calling these leads as well and making offers.   

A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

Terrible way for a newbie to get started. 

I’m a newbie investor and would like to be the nurse and cook, at least in my first RAL.

I am a total newbie in RE investing and Anderson has been nothing but great for me. 

And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes.

Gone are the days prior to 2019 where I as a complete newbie could buy and get instant equity, use financing at sub 5% and still cash flow while maintaining a reserve balance.

Or try the reverse - rehab a property to Class A standards in a Class D neighborhood and try to get a Class A or B tenant to rent it.Unfortunately, many newbie real estate investors are jumping into buying affordable Class C rentals - expecting Class A results.

I want to preface this by saying I'm an absolute newbie when it comes to real estate investing, but the more books and resources I consume, the more I find myself gravitating towards commercial real estate, specifically hotels!