When choosing to invest in real estate you will fall into 1 of 2 categories. Either your have some capital to start with or you don't. In this blog we'll look at those that have some money to get going with. As there can be lots of tax perks with real estate investing, it's important you check this out with your accountant before you get started.

What type of property suits you best at this stage will depend on how much you have to get started but you can often combine your money with OPM (other people's money) to make a bigger impact. I'll show you more on this later.

Next you have to do some research. If you want cashflow positive property, you will probably need to look in lower cost areas where rents are high. Cairns is one place in Australia that has often met this criteria. If you're not in an area like this & you are going to research an area that you know little about, you will need to do 2 things to kickstart your knowledge. First, find out the council who runs the area & go through their website thoroughly and secondly, search the tourism websites for the area. This will bring you up to speed on what is happening in the area & as long as you can see positive growth potential for the area, keep investigating it, you could be on a winner!

Stay tuned for more practical hints & tips on getting started in real estate!