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Updated about 6 years ago,
Financing question for a newbie
My husband and I are newbies at investing. We currently have a vacation rental that is free and clear in Arizona. We'd like to purchase some long-term rental properties in Wisconsin where we live. What is the best way to go about financing for this? Commercial? Residential? HELOC? Another option?
Also, we do not have an LLC set up yet. We are planning on doing that eventually. Is it better to do that now or later? We've had mixed advice on this.