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10 Things You Should Consider When Shopping For An Income Property.

From the first decision to invest in real estate to actually buying your first rental property, there is a lot of work to be done. This task may be daunting for the first-time investor. Owning property is a tough business and the field is flooded with obstacles that can wipe out your returns. 
Starting Your Search - ​The most important thing is to take an unbiased approach to all the properties and neighborhoods within your investing range.   Your investing range will be limited by whether you intend to actively manage the property (be a landlord) or hire someone else to manage it. If you intend to actively manage, you should not get a property that's too far away from where you live. If you are going to get a management company to look after it for you, your proximity to the property will be less of an issue.
 
Here is a look at the top 10 things you should consider when shopping for the right income property:
1.  Neighborhoods: The quality of the neighborhood in which you buy will influence both the types of tenants you attract and how often you face vacancies. For example, if you buy in a neighborhood near a university, ... more

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