Property: Buying First Rental

Look for regions with low property taxes, growing job markets, and high-quality school districts.

Monthly rent should ideally be at least 1% of the purchase price [16]. buying first rental property

Lenders typically require a 20-25% down payment for investment properties, as they carry higher risk than primary residences. Look for regions with low property taxes, growing

The work begins once you hold the keys. Treat the property like a professional business. growing job markets

Use property management software to collect rent electronically and track maintenance requests.