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Investments glossary

Income Property


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Quotes of the day:

Toenail fungus responds rather brilliantly to tamanu oil, if you put the oil on the nail, it will get rid of the fungus.

— Chris Kilham

An income property is a property bought or developed to earn income through renting, leasing, or price appreciation. An income property can be residential or commercial. Residential income properties are commonly referred to as non-owner occupied. A mortgage for a non-owner occupied property may carry a higher interest rate than an owner-occupied mortgage as lenders often view it as a higher risk.


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