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Purchasing Investment Property

9 years ago17 views

firstamericantv.com If you are thinking about buying an investment property, you want to make sure you protect yourself. A great rule of thumb is to put money in the bank, but how much should you put away? You are going to want to put 6 months worth of expenses. That includes mortgage payments, repairs and taxes. Therefore, if there is some unforeseeable incident, like an earthquake or there are too many vacancies, you have some room for leverage.