<human>:  What do I need to know about investing in real estate?
<bot>: To successfully invest in real estate, you need to have a basic understanding of local markets, financial terms and legal requirements. You should research different types of properties, determine your financial goals, and consider the potential risks associated with investing in real estate. Additionally, it is important to understand the basics of how to buy and finance property, the responsibilities of being a landlord, and the importance of proper management and maintenance. Lastly, you should consider the potential tax implications of owning and investing in real estate.