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How to Buy a Rental Property: Get Tips from the Experts

PennyMac

Decide If You Have the Ability and Funds to Be A Landlord. Being a landlord can be a rewarding and lucrative job, but there are useful (and sometimes necessary) abilities you need. You also have to have a schedule that will allow you to address any issues that arise since tenants will have to be able to get a hold of you.

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Ways to Save for a Down Payment

Assurance Financial

On top of carving out a large chunk of your paycheck for rent, you also likely have to pay for utilities, groceries, transportation, insurance and internet — not to mention the costs of treating yourself to luxuries like vacations and going out to eat. Your landlord may be willing to compromise, as it can be challenging to find good tenants.