Read this article, thought it was timely and pretty much spot on, could always add to this, but its a great start IMO (extracts from M. Yardley) Successful property investors are not born with a “How to” manual and they certainly don’t rely on luck. Consistency is key No matter which investment strategy you select, capital growth or cash flow, renovations or property development; you’re likely to find that a small group of investors, say 10% do really well and the rest struggle. This is in part because they have never refined their real estate strategy and taken the time to learn the rules of the game, so they inevitably fall at the first hurdle and more often than not, call it quits before they make any progress at all. Practice makes perfect, which means that rather than looking for the “one big deal that will make you rich quickly”, you should start your investment journey gently, knowing that you’ll make mistakes along the way and learning from these will make you a better investor. The main thing that separates the successful investor from the wannabe’s is an ability to consistently outperform the averages. MTR .