I reside in CA, but buying in Indiana. What's the best LLC?

[Elizabeth Park]

I have a WY holding LLC. In the near future, I will be creating a statutory WY Trust.

I am purchasing a rental property in Indiana. Should I create another WY LLC for this property? or CA LLC?

[Greg Scott]

You keep asking variations of the same question in the forums over and over. I recommend you get a trusted attorney and ask them.

https://www.biggerpockets.com/forums/12/topics/1135790-calif...

https://www.biggerpockets.com/forums/51/topics/238263-living...

[Elizabeth Park]

Quote from @Greg Scott:

You keep asking variations of the same question in the forums over and over. I recommend you get a trusted attorney and ask them.

https://www.biggerpockets.com/forums/12/topics/1135790-calif...

https://www.biggerpockets.com/forums/51/topics/238263-living...

I am seeking legal advice from our business advisors where attorneys and CPAs are. Bigger pocket veterans also seem to have different perspective on things. Isn’t forum for asking questions and also giving answers?

[Ki C Chan]

I will set up an LLC where your property is, buy the commercial umbrella as well as landlord policy. Then the member of the LLC owned by Wyoming LLC as a holding company. then trust own your Wyoming LLC But again please advise your real estate planing attorney

[Alle Wong]

Quote from @Ki C Chan:

I will set up an LLC where your property is, buy the commercial umbrella as well as landlord policy. Then the member of the LLC owned by Wyoming LLC as a holding company. then trust own your Wyoming LLC But again please advise your real estate planing attorney

Since he lives in CA, would he have to pay the CA $800 for each LLC?