I noticed with interest the buildings and construction and wondered about the opportunity for real estate investing.

., PLUS all the other building and development costs) Some foreign investors made an offer for $585,000 for both lots, telling the seller they can close in 10 days and construct the house in 90 (right.... but I digress).

Then, go out and get a professional inspector to give you all the dirt on the house.

I was super nervous my first time.First of all, source and hire your own building inspector--don't have your agent recommend one.

I've driven past it and the lights were on at night and with no curtains, I can see inside and it seems to look really nice.A brand new constructed house for $25K.

I haven't looked into building new construction in the US, but you feel confident that for $400k you can build a house that can command $2M?

This was something I found out from my years owning a construction company, something I learned to recognize with my financial planning and insurance background, and something I finally implemented with my current investor mindset:Years ago I worked for a builder who would borrow money out of his life insurance policy, he would build a house with it and sell it and put the money back into the policy while keeping the profit.

., in a real property trade or business) if:1) more than one-half of the personal services you provided during the year were performed in a real property trade or business in which you materially participated; AND2) the number of hours in which you materially participated in this real property trade or business was more than 750 hours; AND3) you must materially participate in each rental real estate activity unless you filed an election to group all rental real estate activities as one (and materially participate in that activity).A "real property trade or business" means any real property development, redevelopment, construction, reconstruction, acquisition, conversion, or rental operation, management, leasing, or brokerage trade or business.Personal services performed as an employee are not treated as being performed in a real property trade or business unless you are a more than 5% owner of the trade or business.For joint return purposes, the eligibility requirements are considered met if either you or your spouse separately satisfy the requirements.

It's also necessary to say, a 2 Billion dollar hospital is under construction just a few blocks from here, so that should bolster the community as well.

However, construction of a new center will apply the new knowledge you have learned in the last ten years.ELL Real Estate driver Aldo Dapon, who is building a big Shopping and Leisure Centre in Lasnamae, said there is no Big Centrals in East-Tallinn where you can shop and spend some quality time.