Where do i START!

there are lots of ways to start, but as you said you are looking for an area with positive cash flow, that puts you in the outer suburbs of cities, small downs, mine towns etc.

If you want mining as you mentioned then start reading the news papers, finance papers, industry reports etc, to find up and coming mining expansions or investments.  this will give you an idea of where things are happening and when.  then just pick your place and do as much locality research as possible.

Its basically the same no matter what you choose to do, become an area expert in any area and you will start to find deals, just some areas the deals might be more complex then others.

Hi Christine

Welcome to the forum – you'll find a heap of useful info and plenty of friendly people willing to offer a hand.

I'd start by educating yourself (which you've already started). Read, read, read is the advice I give my new investor clients. Go and rent out every property investing book at your local library. Get a feel for the differen't strategies, the pros and cons of each, ect. Lomas, Yardney, McKnight, Somers all have great books worth reading.

The more knowledge you have, the better informed your decsions will be when it comes to investing.

All the best.

Jamie

Hey Christine,

I totally agree with Jamie and Illuminati – get yourself educated as much as possible. Those books Jamie suggested to read are all worth getting your hands on. You can also find quite a few good (and free) podcasts in iTunes, so take a look there (especially if you have to drive to work and can listen to them in the car).

Also have a look at the magazine stands for property magazines, especially those with heaps of tables at the back. One of the data sets that often appears is the average yield for a certain area. For various reasons, not all the high-yielding areas will suit you, but it is somewhere to start. And remember there is a forum on here that gives tips and advice too!

Finally, I highly recommend finding a friend who is also interested in property. Having a mentor or buddy is a great way to expand your knowledge, stay motivated and share your successes.

Good luck!
Den