I went out to view a major fixer upper with a very experienced local real estate investor, client and friend. My friend and I were looking at a house that we was considering buying to fix up and resell.

This particular house needed major work including a new Brick Tile Guys fixing some of the brick siding, new kitchen, new bathrooms, new flooring, fresh paint and considerably more.

While I have been around real estate investing all my life and I know I still have a lot to learn myself, I was a little surprised by what my very experienced friend shared with me as we looked this particular house. He told me that he still learns new things with every house he does and just recently he learned about asbestos tiling.

Now, I should not have been surprised by his comment. I mean I learn something each time I invest in house myself. I learn a lot talking with other investors about houses they've invested in and I suspect they learn from me and my mistakes. I guess I assumed--as wrong as it was--that my friend, who I consider much more knowledgeable than I am about fixing up houses, still learns on every house he buys and fixes up. If ever there was a guy that knew about fixing up houses, he'd be the one person I'd imagine in my mind.