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Buying/building appartments
My wife and I were thinking of buying/building some duplex rental units. We were thinking larger units geared towards familys.
I have read up on the subject, but I am looking for pearls of wisdom, in particular about financing. What are the best options? We have a strong credit history personally. Our plan was to form an LLC. How does credit work for a newly formed LLC? What sort of assets would they be looking for? Should we just plan on having a huge chunk of cash for out first units?
Thanks in advance.
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