You'll receive a bilioln answers, because there's quite a bunch of ways to start this.  The first thing you should do is buy more books, read and re-read until your confident.  Don't go to a seminar and spend $4,000.  But rather, spend $50.00 or so and buy 2-3 good books written by investors.  It's almost as good as having a mentor by your side except you're not paying anything to them.One thing that I want to comment is that you're in the right path about building capital.  That's your first priority.  Second is making the right decisions and making sure the market you are in is sellable   you are able to flip that property within 6 months or less.Suggested reading below.References : Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days [ISBN 0978834682]The Pre-Foreclosure Property Investor's Kit [ISBN 0471692794]  +1Was this answer helpful?