How to Buy Your First Investment Property
Posted by Pinpoint Listings Marketing Group on
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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