If current rates are significantly below your existing mortgage rate, refinancing may reduce your payments.…
A millionaire landlord has 3 tips for anyone thinking of buying rental real estate right now
Marcia Castro Socas, an experienced landlord, emphasizes the importance of the landlord-tenant relationship in rental real estate. She advises against solely seeking the cheapest properties, as they may require unexpected repair costs. Castro Socas also suggests not letting market news dictate investment plans, sharing her experience of holding onto properties during the 2008 market collapse. Additionally, she highlights that successful property management involves fostering good relationships with tenants, which can lead to increased income and reduced vacancies.
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