Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.

If you ever read the side of a Heinz Ketchup bottle, it reads "Do a common thing, uncommonly well".

Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Read up here - https://www.thespruce.com/what-is-washing-soda-2145888I have the big Nellie soda as we use it all the time but if you want to try it out, the Arm & Hammer deal is a good way to get started.Hopefully more to come!

If I did it that way, the ownership would read [Wife's First Name] & Michael Izbotsky as 100% owner.I'm asking because it will save me from headaches and filing paperwork.Many thanks in advance, and happy Thanksgiving!

Hello everyone, first post on BiggerPockets and I have been reading up on REI for quite some time now and getting close to jumping in.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

I believe new construction homes don't cash flow as well, based on what I have read but not sure if true.  

This should be required reading for new investors, drooling over the great cashflow they will make buying crappy houses in crappy neighborhoods that attract crappy tenants.

They’ll handle setting up your legal entity and obtaining your EIN (Employer Identification Number).