These are usually 0.5% to 0.75% higher than primary residence loans. 2. Choosing a Profitable Market
Research local property tax rates; high taxes can quickly eat your profit. steps to buying first rental property
Location determines your vacancy rates and the quality of your tenants. These are usually 0
Aim for 680-720+ to secure the best interest rates. steps to buying first rental property
Look for areas with expanding industries and low unemployment.