I'm looking to get started in real estate investing and have a few questions

[Taylor Brannen]

Hi! I'm new to this forum as a member but I have been reading previous posts on here off and on for over a year now.

I've decided now is the time for me to get started in real estate investing. I'm in a good credit situation and have disposable income to make the necessary initial investments to get this going. I'm looking in the Austin market as well as the surrounding areas. My goal is to purchase homes at a good value and do some cosmetic improvement then rent the properties out. Rinse and repeat.

My question to you all is what are the first steps I need to take to get started? From a home prospecting standpoint that is. I have looked on sites like Trulia and Craigslist but I have a feeling that isn't the best way to find the houses that I'm looking for, right? As an first time home what price range should I be looking in? How much did your first investment property cost?

I would really like to speak with some people in the local area for mentor ship if anyone is open.

Thank you for your help and I look forward to your replies.