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Ideas & Guides

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Buying an investment property can be quite the tricky affair; considering how volatile the market can be at times. This spells doom especially for first-time investors; particularly the ones that had invested their life-time savings into the said properties. Moreover, the persistent shortage of prime properties in the market has resulted in intense bidding wars that not only require grit, but also ruthlessness when it comes to getting the best deal to invest that money in. That being said, here are some great tips to keep in mind when it comes to negotiating on prime investment property. Ensure to Plan for a Massive Down Payment Since mortgage insurance is unavailable when it comes to investment properties, it would be wise to always perform a 20 percent down payment as is usually the norm of traditional financing. Moreover, putting up a greater amount as down payment can result in much better…