Remove HOA Remove Landlords Remove Loan Officers Remove Property Taxes
article thumbnail

The Pros and Cons of Buying a House

PennyMac

The ability to decorate your walls, or paint them sky blue, and live with a pet without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. Mortgage interest and property taxes may be tax deductible. You Pay Property Taxes.

article thumbnail

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

PennyMac

Financing, knowing what kind of property to buy, and the many other steps are all part of a well-rounded investment plan. Here are some tips from real estate experts on how to buy a rental property that’s right for you. Decide If You Have the Ability and Funds to Be A Landlord. Property taxes. Maintenance costs.

article thumbnail

Buying a Second Home – What You Need to Know

PennyMac

Renters rely on landlords who take care of their property. Even if you aren’t living in your second home or renting it out, you still have to take care of the property. If you’re renting, there’s also landlord insurance. Budget for times when a rental property doesn’t have tenants or if you rent for short-term periods.

Tenants 36