Networth               Personal Residence Value                     value of home % Net worth$1,493,804                         $404,240                                                    27.1%$3,416,267                         $620,779                                                    18.2%$6,859,864                         $1,034,411                                                 15.1%$13,687,961                       $1,818,699                                                 13.3%$59,919,891                       $2,735,436                                                   4.6%Even though I firmly believe that real estate buy and holds should be the foundation of your wealth managment process / portfolio, what I believe is even more important is to find a business that you are absolutely passionate about, a vocation of love, a lifetime career.  

You will learn a lot of the legal and basics of real estate which will help create a solid foundation.

Our favorite books that provide us w/ a foundation  The Art of the Deal (One of our Presidential Candidates wrote that book- Guess Who?)

Hey folks,I have couple questions: I'm new on this and during my initial marketing I found a house (built in 1952, 1196 total sqft, 3b/1b, lot 0.34 acres) in distress (it needs to be rehabbed, new roof, new windows, a couple of foundation problems and right now it is empty), this used to be a house but now the land is ruled as commercial, it is on a busy street in front of a little gas station, and few houses from the same block have started to be used as commercial.My questions are, how do you start analyzing a deal like this, where an old house is sitting on a commercial land?

You have a nice foundation; Business and real estate degrees in your near future.

The comps for house are under what the owner is selling it for, but that's because the Manufactured Home was put on a foundation making it actual Real Estate. 

I also recommend BP's Ultimate Beginner's Guide, it helps to form a general foundation in the industry.

In one of my properties with a stone foundation with moisture issues, it is a duplex with shared access to the basement.

That included some drainage work, so maybe just 4k for the foundation alone.

I am trying to close on a home that has foundation issues.