Here are a few steps you can take to help keep your heating and power bills to a minimum: Pull the plug.

I guess what I'm trying to ask is what should my first step be once I obtain my license?

Wholesaling teaches you to find off market dealsit teaches you how to do a solid ARVIt teaches you how to build a cost of repairs.It teaches you how to deal with sellers and to negotiate.It teaches you about contracts, dealing with flippers and dealing with sellers.Wholesaling is a MUST first step to ... well any niche in REI.So what ever your reason.. should not be seen as an excuse or to be ashamed of.

Also what steps do we need to take before we purchase our first house?

Could anybody help me out by informing me on the first steps in buying, and flipping a house?

Its a multi step process.

You just stepped in a big pile...get ready for the melee.

Hello everyone,It's nice to know that there is a community of property investors here at bigger pockets.I am Victor from Australia (Melbourne).I am new to property investing and still learning, reading and listening to youtube, pod casts and books on investing in general.I am extremely intrigued by the idea of generating passive income through real estate investment ever since coming across rich dad poor dad a month ago and more recently, bigger pockets podcasts.As a start, I plan to learn more about the mechanics of investing in real estate before taking steps to actually start looking at my local market (Northern Suburbs of Melbourne)In fact, I have already formulated some short term goals to accomplish: 1.

There are a lot of great blog articles out there for you to utilize too -- some even provide a step-by-step infographic on how to use online tenant screening services. 

The first pillar is avoiding unnecessary and risky activities (don't drink and drive, insurance generally won’t cover your poor decisions) and take good care of your investments - these simple steps will help you prevent lawsuits before they even occur.