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When considering a rental property you need to apply the first rule of real estate. If you have got that right then you need to look at more details. First is the COST. Several costs are key in the beginning and if you are not careful your personal finances will be in trouble.
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Read more... [Rental Property & Cash Flow]
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Like any other investment renting can be a money making tool. It just takes time make that money and is not a get rich quick process. If you watch late night TV you will hear a lot about those things and the cash flow schemes. Pay not attention to those! They are riskier than you think. Here is the simple reason why, you have to find someone to rent it from you and but what happens if you don't? Someone still has to pay the mortgage for the maintenance bills.
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Read more... [Making Money With Rental Property]
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It depends on your situation. If you need to be living in a place for a short period of time the answer is probably yes. A short period of time is about 1-4 years. If you are planning to live some place for longer than that and plan to own your own place then may be not. Renting also gives you time to shore up your personal finances and make sure you are making the right move. Owning a home is a commitment and you want to make sure you understand what is involved and are not working for the bank for too long.
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Read more... [Is Renting a good idea?]
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