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8 Comments

  1. This is a great list and also there are good tips here! Buying your own home is a good starting point to see how the buying process works. It’s one of the most expensive purchases we make. It can also be very scary. After the first home purchase, you familiarize yourself with the process and can do more down the road. The first home is always the hardest.

    But yes, buying a home for yourself could be different than buying a rental property. Some tend to buy in different type of neighborhoods than they would live. Some buy in the same neighborhood where they live. Whichever type of neighborhood you choose, it’s best to buy in areas you feel comfortable working in.

    This is a nice article. Thanks for sharing!

    • You’re on point. Thanks for your comments!

  2. Buying your own home first is a wise decision. This way, you will know all that is required to have a home running smoothly. Also, you will get to know the right handyman who you can call if your rental home needs repairs. Having worked with him before on your home, you will have more confidence in him.

    • Those are some helpful pieces of advice. Thanks for sharing.

  3. This was such a great read! I’m looking into investing in real estate.

    • Thanks! I think many people could invest in real estate but are afraid to. Of course there are also those who jump into it without knowing exactly what they’re getting into. This information was meant to help both.

  4. What an amazing piece of content you shared there. I would like to add one more thing:

    Keep in mind that a real estate investment will not make you a millionaire overnight. The idea is that you invest and then count on a secure, stable, and lasting income that allows you to live with some slack. Therefore, do not be discouraged if you do not get large rents in a couple of months and remember that the boom of your investment will be reflected after a few years, both for increase in surplus value and annual income.

    • You are so right that it will not make you rich quick. You must be in it for the long haul. Nevertheless, it is possible to see a substantial increase on your initial investment. These are good points!

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