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Top Six Rental Property Investment Tips
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[QUOTE="Holicent, post: 277479, member: 76163"] [FONT=Verdana]Great rental tips! You should consider this too: 1. Get the right advice Don't be tempted to go it alone when it comes to property investment. You'll regret it if you do and you'll likely end up losing money. 2. Learn the ropes It's important to learn as much as possible about your chosen investment property. This will help you make good decisions and avoid making mistakes that could cost you time and money. Ask friends and family for advice, or get a professional financial adviser involved. 3. Don't rush into things Take your time when buying a rental property, especially if it's your first one, as there can be many factors that need to be taken into consideration before buying anything in this industry (such as finding a tenant). Make sure you're not just jumping into something without knowing all about it first! 4. Look for deals Rental properties are often more affordable than other house purchases so look around for ways of saving money on them by looking at refurbishment projects or by saving money on renting through shared ownership schemes (which are often offered by local authorities). You might also like to consider residential rents where they are lower because they are less expensive than commercial units but still maintain the same quality of service offered by the landlord. [/FONT] [/QUOTE]
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