This minimizes risk and establishes a robust foundation for your investment journey.

Be sure to to take a good look at the foundation and structure on any old place though, as I'm sure you know. 

A few years ago, we purchased a 5 acre piece of land that already has a foundation and septic, hoping to eventually obtain a construction loan and build a home.

Building a solid foundation through knowledge and experience is key in the world of real estate and the community is here to help you with any questions you might have.

Property needs foundation repair, the floor has a large crack that has been looked at by several contractors and a civil engineer.

At 18 I would focus on income, saving, learning and having a strong foundation. 

You don't need to know everything to get started; you just need a foundation to build on and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

The commercial deals will come, you just have to build a foundation first.

The architectural plans costs: $6k The city fees were a total of : $7,500 We applied for a city grant and got approved : for $20k once we finish the foundation.

Only when you have a solid foundation in underwriting would I pull the trigger on a purchase because as you have seen - it will be a money pit for awhile and if you don’t have the exit strategy to pay everyone back - it won’t be your money pit long because they will foreclose.