There are a few basic principles to understand when it comes to investing in real estate. First, it's important to do your research on the market and the property itself. Consider factors like location, demand, and potential for appreciation. Second, have a clear investment strategy and set financial goals. Know your budget and how much you're willing to spend on repairs and renovations. Third, be prepared for the responsibilities of being a landlord, including property management, rent collection, and maintenance. Finally, consider the tax implications of owning a rental property, including income tax and capital gains tax.
