Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

136
Posts
22
Votes
Gautam S.
  • Real Estate Investor
  • Eola, IL
22
Votes |
136
Posts

Investing out of State- Have IL LLC and have rental property in IN

Gautam S.
  • Real Estate Investor
  • Eola, IL
Posted

Hello BP Pros:

I have a question on investing on other states with my LLC formed in my home state.

I have a LLC in Illinois and own a property (SFH) in Indiana in my LLCs name.

I want to rent that SFH for long term buy & Hold.

1. Do I need to register a new LLC in IN?

2. Or I just use my IL LLC name for all lease documents etc. and file IN income tax

for my LLC at tax time along with my Federal and IL tax return for my LLC?

Any pointer/advice is greatly appreciated.

Cheers!

Loading replies...