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Updated almost 3 years ago,

User Stats

35
Posts
4
Votes
Lalit K.
  • Campbell, CA
4
Votes |
35
Posts

Creating a LLC for out of state rental investment

Lalit K.
  • Campbell, CA
Posted

I am fairly new to RE investing and was thinking about pros and cons of setting up a LLC for out of state purchases. Firstly does setting up LLC really make sense or having a liability insurance serves fairly the same purpose? Secondly, can you create a single umbrella LLC for purchasing rental RE in 2 or more states or you need to have separate LLC for each state?

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