Steps To Buying First Rental Property Direct

Before looking at houses, you must know what you can actually afford.

Location determines your vacancy rates and the quality of your tenants.

These are usually 0.5% to 0.75% higher than primary residence loans. 2. Choosing a Profitable Market

Aim for 680-720+ to secure the best interest rates.

Look for areas with expanding industries and low unemployment.

Use these "rules of thumb" to quickly filter out bad deals before doing a deep dive. The 1% rule in real estate | Rocket Mortgage

New infrastructure like transit lines can boost future appreciation. 3. Quick Property Screening