Ok...what now? what next?

[Paul Duke]

I attended a popular 3 day Real Estate investing seminar and got general information regarding investing and different ways of making money. I'm eager to learn more and get started investing but I couldn't afford the advanced classes to find out what to do next.

I don't own any properties except my own house and have never looked at investing before. I had come up with a plan during the seminar of what I want to do, but not sure what my next steps are to get started. Here's my outline:

1. Wholesale a few properties for immediate cash and to build up investment reserves.
2. Buy and hold other properties for cash flow.
3. Move into commerical Real Estate.

My problem is I don't know where to start next. Since I've been to the seminar, I've now seen foreclosures on websites tauting prices of a few thousand dollars, heard about short sales and REO's and I don't know what I need to learn or know before being able to capitalize on those deals or if I'm even comprehending what I'm seeing properly.

I talked to a guy local to me that offered to help me get started in investing but it became apparent to me that he was well seasoned in property rentals but really didn't know much about the other ways of making money in Real Estate which I'm MOST interested in for now.

Any help or pointing me in the right direction is appreciated.

Thanks!