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Updated over 5 years ago,
Purchasing Secondary Residence and Converting to Rental Property
Hello everyone!
I am currently seeking investment rental property in Las Vegas. A lender told me I could qualify for a secondary residence loan (10% down). I currently reside in Los Angeles, CA but I live with my family rent-free. I wanted to request any information on the validity of this process. Can I purchase a property in Las Vegas with a Secondary Residence Loan and turn it into a rental investment property? Any help would be very much appreciated!
Thank you!