What to Know Before Purchasing a Second Property?

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Before making such a significant investment, clarify if this new property will be for personal use, rental income, or retirement. Understanding the primary purpose helps align your investment strategy with your financial goals. Next, decide whether it’s a weekend getaway, a steady rental cash flow, or a comfortable retirement home; this decision will shape location, property type, and expected returns.

Source:CIEL, 8th January, 2024

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