With the current state of the real estate market, more and more people are thinking of buying property at low prices and reselling them once they improve on it. It is very tempting to invest in real estate today, since it can be a very rewarding venture. But before you start scouting for property to invest on, keep these 5 important things in mind. 1. You have to know the tax and real estate laws in various areas. Before buying property in different neighbourhoods, take time to read and understand the tax and real estate laws in those particular areas. 2. A low price does not always mean a great deal. Be very careful when you see property priced at a bargain. Check all details of the property first-from the land title to the construction of the house or building and check for flaws. 3. Always choose a good location. Property in good and bustling areas sell faster than those in rural parts of the country. 4. You will need a good credit history so you can borrow money for capital. (Unless of course, you already have enough money to start investing on real estate.) 5. You will also need very good negotiation skills to be able to seal great deals. Investing in real estate can be a very lucrative business but only if you have the guts, the money and the management skills to do so.