Purchase price: $140,000 in Nov. 2005 Sale price: $175,000 in July 20071872 square foot single family home with no garage.

This rule is good for the 30,000 foot view of running numbers on deals so you do not get bogged out with running those numbers on every single deal for example..

Ten acres in Texas with a mobile home to start is a smart way to get your foot in the door while planning for your dream home. 

As an analogy to real estate… by starting of with a couple of smaller deals you will be on a much better footing to know more of the ins and outs of doing real estate deals so you aren’t a novice when you get to the 20 unit deal where if you miss something you don’t end up like the Tesla driver with lots of enthusiasm but not a lot of practical experience and you get burned.All the best!

This is a great strategy to use for beginners who want to get a foot in the door of investing while also learning crucial skills just as tenant management. 

They could be afraid that you do not understand the community and soon as you step foot in, you tremble in fear and back out.

Getting the foot in the door with a primary residence is a great way to start.

I don't think that photos would help us with anything much, other than a 30,000 foot view. 

I currently live in Southern Maine and am looking to construct some kind of new project rather getting into rehabbing existing residentialProposed Land Budget 100-200kConstruction Budget: 400kAll in 500-600k.I have found that if I do the site work myself including clearing, septic and digging the foundation is that i can sub contract out either steel or a Lester style building (50x150) for around 300k installed with insulation and power , divided into three 2500 square foot units. 

In the first 2 minutes of setting foot in the house, I could tell not a whole lot had been done to the property.