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Updated about 9 years ago on . Most recent reply

User Stats

268
Posts
55
Votes
Brenda Whittaker
  • Investor
  • Cottonwood, AZ
55
Votes |
268
Posts

Where to LLC?

Brenda Whittaker
  • Investor
  • Cottonwood, AZ
Posted

Rehabber here, trying to get private funding now as all my cash is tied up. Lenders are telling me they only lend in LLC's. I live in AZ, but invest in other states, so now my question is, if I must set up an LLC, which costs $1400 here for an attorney to do it, ( !! ) is an AZ LLC of no use if I never invest in AZ? Must I set up an LLC in the state I live, or in the state I invest in?

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