I know Im a total amateur!

As far as housing goes in my amateur opinion I can say that new construction is all the rage up here.

The pros are a lot faster and better quality than the amateur.

@Ben Brigham I'm just an amateur accountant but I'm sure the real accountants will give you a firm no on that.

When the market is expensive like now, this is when it separates the pros from the amateurs.

I survive using the section-8 program.Investing in lower income neighborhoods is a graveyard for amateur investors.  

Unless you sell to a rank amateur with no consultation on his side, expect for an off-base 'wholesaler rehab estimate' to turn you into a laughing stock in short order.As a flipper, I usually get pretty annoyed when a wholesaler tries to tell me what the rehab on a property is. if I want a wholesaler to find something, I'll tell you where and what... leave the thinking about the 'how' to me.

Sadly we are starting to see 'Amateur Hour Rehabs' that went way over price & are not finished &/or poorly done then abandoned or being sold 'as is'.The rehab gone wrong on one we viewed would have been too expensive to re-do.

Hi,I'm new to BP and very much an amateur who wants to learn.

So, I got a hard money loan for something like $1.5 million for only 5 days and I think the loan cost me $40,000 to $60,000 (can't remember).There are some very sharp sellers who love to play god and screw over the amateur investors and take their life savings from them.