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

PennyMac

Property taxes. You have to have enough money saved to be able to handle expenses such as repairs, and cover the holding costs if a tenant moves out unexpectedly or stops paying rent. 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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The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

You can rent the home out to tenants who pay your mortgage and bills while you continue to build your asset. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Your neighborhood may require homeowner's association (HOA) fees, too.