Steps To Buying First Rental Property ✨ 🎁

Research local property tax rates; high taxes can quickly eat your profit.

Aim for 680-720+ to secure the best interest rates.

These are usually 0.5% to 0.75% higher than primary residence loans. 2. Choosing a Profitable Market steps to buying first rental property

New infrastructure like transit lines can boost future appreciation. 3. Quick Property Screening

Before looking at houses, you must know what you can actually afford. Research local property tax rates; high taxes can

Proximity to schools, public transit, and grocery stores increases demand.

Expect to pay 15% to 25% for a traditional investment loan. Research local property tax rates

Use these "rules of thumb" to quickly filter out bad deals before doing a deep dive. The 1% rule in real estate | Rocket Mortgage