Quote Originally Posted by rockmanj
Hmm...I'm actually thinking about staring to invest in real estate, since I've come into a bit of money lately. I'll probably go to a professional, but what are some tips and general things that I should know?
Invest and Real estate are not compatible these days.
I don't know what to think of the black hole real estate is becoming, something swallowing huge sums of money created last ten years...

If by investment you mean your house, the place you plan to live for say the next ten years, the story is a tad different. However, being young means you need mobility. Blocking money in such a non volatile investment isn't necessarily a good option then.
The bet lies more in the lowest price you think you can obtain, compared to the market price at the end of the buble burst.
Last thing is the place, the place and the place... a house/flat needs to have everything you want to have plus the place where it is must be one of the best.

That's a very brief idea of my views regarding real estate.