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Buying Your First Investment Property: 8 Things You Need to Know

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Buying your first investment property can seem daunting. However, getting started in real estate investing can be a great way to move forward on your path to financial freedom.

Before investing in a rental property – it is essential to start on sound financial footing. There is a high transaction cost to buying and selling real estate.

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If you are not in a good financial position, you may be tempted to sell your investment in a year or two.

Single-family vs.  Multi-family

When deciding on your investment strategy for your first property, you will have to choose between buying a single-family residence (SFR) or a multi-family building.

How To Pick A Property

It is crucial to figure out your preferred investing model, define what property fits this model, and find a property that fits these criteria.

Loans

Getting a loan on an investment property can be a bit different than a mortgage on your primary residence.

Building your Team

Relationships with the people you will work with for investing in real estate should be more organic than this.

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