Interested in starting business in real estates, then you should look out for the houses, which need to work on and are available dirt-cheap. These types of home will need finance again to improve and to make it into a liveable condition but after this minor cost the cost at which you can sell it back will not only cover your cost of improving also there will be a profit with it.
While going into this, do make sure that the condition of the house is not very bad so that we would need lots to do and we end up spending more than what we had thought of. If you can do the repair, work needed yourself than you can save money. However, if you have to hire outside agency to get the house repaired than it had better be a qualified one and quotes you a reasonable price.
You should get the house appraised before making the deal on the same if you thinking of taking it as an investment. In this way you will have an idea of how much you will be spending on the actual house, on the repair work that you will do, this will give you an idea of the profit that you can get from this buying and selling.
You should start by buying small houses to get experience in this business, there would be many judgemental errors but you have to take that in your stride and keeping learning from your mistakes.
Gradually you will be successful and will venture to buy the properties that other investors will not even think about. Then you can go in for getting bigger houses, where the profit is much more. In this way, you will get more profit margins and will make you a successful in this field.