Investing in real estate can be an excellent way to build wealth and generate passive income. Buying an investment property is a major financial decision that requires careful consideration and planning. Whether you’re a seasoned investor or a first-time buyer, understanding the key aspects of purchasing an investment property is crucial. This article will explore important factors to know when buying an investment property. Financial considerations: Before buying an investment property, assessing your financial situation is essential. Consider factors such as your budget, available funds for the down payment, and potential financing options. Evaluate the property’s potential cash flow by analyzing rental income and expenses, including property taxes, insurance, maintenance,…