I am a novice real estate investor who wants to pursue a dream of being a real estate millionaire. I have just completed the "Be a real estate millionaire" book.
I have gained so much knowledge about real estate investing, but I know I still have long ways to go! I want to buy a rental property in center city, Philadelphia, but I am not sure as to buy personally or as LLC company. Also I have heard interest rates on investment properties are higher than primary resident financing. Is it true? What can I tell the lenders when they ask purpose of the property is for? Any comments will be greatly appreciated.
Thanks a million,
Center City Philadelphia