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Getting Started With Rental Property Investment

Aug 25, 2020

Buying a rental property means that you will own a home for a while, potentially forever... if you plan to leave it for you kids as an income mechanism.  So to get yourself ready to buy your first rental property here are some steps to get your there.

1. Check out your credit score

It is a good idea to always be up to date about what your credit score is whether you are looking to a buy a property or not.  But it is especially important for bond applications that you have a high score and a clean record. It takes so much time and effort and negotiations to find the right rental property that you really don’t want to get to the end of the process just to find out that there is some surprise waiting for you on your credit record (that might be completely wrong) and could cost you losing the property and with it all your hard work and dreams of starting a rental property portfolio.  

If your score is low, don’t despair there are also some basic things you can...

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