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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. Otherwise, you may need to hire a property manager. Property taxes. Taxes and Real Estate Investment. Maintenance costs.

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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.

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