Our First Rental Property!
We Bought Our First Income Property! My husband and I had a long conversation about investment options, and after discussing retirement and stock accounts, I brought up real estate. We both got very excited about the almost immediate cash flow and equity that comes along with rental properties. There are lots of different ways to fund an income property, and when I tell you I spent days researching... I mean DAYS. I'd like to share our rental journey with you, from financing to finish! First, I know know I was lost when I was trying to navigate how to buy an investment property, so I'll start with the basics that I learned along the way. A home mortgage can be classified as primary, secondary, vacation, or investment. Most people who have bought/sold the homes they live in will be familiar with primary mortgage options, which I will summarize for you. Please keep in mind, these are tips that I've learned through my research, please be sure t...