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Updated almost 5 years ago,

User Stats

11
Posts
3
Votes
Ben Allumbaugh
  • Investor
  • Alexandria, VA
3
Votes |
11
Posts

LLC on multi-state properties

Ben Allumbaugh
  • Investor
  • Alexandria, VA
Posted

BP community,

I've been looking into opening an LLC for a while now and I understand the intent behind it. What I am still in the grey on is completing this action with buy/hold properties in different states.

Background is like most military REIs, I move-buy and rehab-rent my properties. I have seen a few comments on starting in one state (WY sounds the most popular) and potentially paying a fee for bringing the other properties out of state in. I’d like so feedback on similar situations and potential recommendations so I can execute this action in this quarter. I’m expanding my strategy and portfolio this year and it is something I need to seriously consider. 

Any feedback is appreciated, thanks.