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investment property: So you want to be a landlord... Do you have what it takes?
- 06/03/14 08:40 AM
Do you have what it takes to be a landlord? People often call and ask about investment properties, they want to purchase a cheap house and rent it. Most people will have a very romantic view of rental property, they think they are just going to buy the house, put a sign outside and in a couple hours the tenant will be there ready to get in and pay the rent month after month without a hitch. Reality check: 1. Affordability. You have to see how much you can afford for downpayment AND how much money you have to clean up
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