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

PennyMac

Property taxes. It’s also important to understand the legal requirements of owning real estate—lead paint inspections, rental registration, accounting, receipts for payments, written leases, liability insurance, renter’s insurance, tenant screening including criminal and credit checks, fair housing laws, and much much more.

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What’s Included in Closing Costs?

PennyMac

State laws will usually dictate who is legally responsible for overseeing the closing. If you’re signing paper documents, they’ll need to be transported, and the courier fee will be what pays for that to be expedited. Property Tax. Every homeowner is required to pay property taxes. Courier Fee.

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New Homes vs. Old Homes: Which Is Right For You?

PennyMac

Higher property taxes. Generally speaking, the more your home is worth, the more you'll be shelling out to your state for property taxes. And in new neighborhoods with higher than average property values, that can be a pretty penny. Location, location, location. Uncertainty. Typically, what you see is what you get.