Found 2 blog entries tagged as investment property.

Buying Your First Investment Property

If you're looking to buy your first investment property, there are a few steps you'll need to take. First, you'll need to save up for a down payment, which is typically 20% of the property's purchase price. Once you have the down payment, you'll need to get pre-approved for a mortgage from a lender. This will involve providing proof of your income, assets, and credit history to the lender.

Once you have your mortgage pre-approval, you can start looking for properties that fit your investment goals and budget. You'll want to consider factors such as the location, property type, and potential rental income when choosing a property.

When you find a property you're interested in, you'll need to make an offer and…

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Residential vs Commercial Investment Property

Residential and commercial real estate are two different types of property that can be invested in. Residential real estate refers to properties that are used for living, such as single-family homes, apartments, and townhouses. Commercial real estate, on the other hand, refers to properties that are used for business purposes, such as office buildings, retail spaces, and industrial warehouses.

One of the main differences between residential and commercial real estate is the potential for rental income. With residential real estate, you may be able to generate rental income by leasing the property to tenants. With commercial real estate, the potential for rental income is generally higher, as commercial…

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