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    How to Find and Purchase the Perfect Rental Property

    By: Ted James

    Photo via Rawpixel

    Thinking of buying an investment property? Good idea! Investing in real estate can be a great way to build wealth and earn passive income. However, it can be difficult to know where to start if you’ve never purchased an investment property before. What can you afford? Where will you find a suitable property? And how can you ensure that this major investment will turn a profit? If you’re feeling overwhelmed by these questions, take a look at the helpful resources below!

    East Group, Engel & Völkers is Greater Boston’s most innovative real estate team! Schedule a consultation today by calling 857-266-9510 or sending us a message!

     

     

    Take Care of Your Homebuying Prerequisites

    Get your financial prerequisites in order before you start looking for homes so you can snatch up a great property when you find it.

    Advice on Buying Your First Rental Property

    15 Clever Ways to Come Up with a Down Payment for a Rental Property

    The Complete Guide To Investment Property Mortgages in 2020

    Looking to Buy a Home? Your Credit Score Can Make a Big Difference

    Setting Up an LLC to Purchase a Home Could Protect Your Assets

     

    Start Your Search Online

    Real estate websites are an excellent place to start looking for great deals on properties.

    7 Online Databases for Finding Investment Property

    Efficient Ways of Finding Foreclosures

    4 Simple Tips for Finding Incredible Real Estate Deals

     

     

    Budget for Extra Expenses

    Remember to leave room in your property purchase budget for extra expenses such as home repairs and safety upgrades.

    8 Rental Property Upgrades That Pay Off

    Low Maintenance Landscaping for Rental Properties

    10 Tips to Keep Your Tenants and Rental Property Safe

     

    Make an Offer

    When you find the perfect rental property, make an offer, and be prepared to negotiate for a better purchase price.

    Should the Inspection Report Scare You Away From Buying a Property as a Rental Investment?

    7 Tips For Negotiating Better Deals On Property

     

    Keep these resources close by as you search for and purchase your first rental property. They may help you streamline the process and avoid costly mistakes! From budgeting for your big purchase to finding a property and making an offer, every step requires careful planning and patience. Take your time and do your research to increase your chances of success.

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