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

PennyMac

Otherwise, you may need to hire a property manager. 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. What Type of Rental Property Do You Want to Buy? Decide Whether To Loan or Buy In Cash.

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Buying a Second Home – What You Need to Know

PennyMac

Budget for times when a rental property doesn’t have tenants or if you rent for short-term periods. As the owner, you may have to front some of those costs if it takes a bit to get long-term tenants. Connect with a Pennymac loan officer today. Plan ahead and figure out what your spending looks like.

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