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    1 Reply Latest reply on Sep 30, 2017 6:27 PM by Moderator Rebecca

    LLC's and rental properties

    thedavid Adventurer

      I've lived in Las Vegas for over 15 years and have yet to invest in anything. I've been thinking of purchasing an investment property near summerlin but I'm still paying the mortgage on my first home and not sure if that move is right for me. I have the right credit score and savings and I think my debt to income ratio is low but what other factors should I take into consideration? Should I open an LLC since the home is a rental or just file it as is? I know that since it's my second home the minimum down payment is 10% but what other things should I know before making my decision?