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Newbie from California
Hello All,
I just took a plunge into Rental investments. I live in California, bought a Rental Condo (financed) in Michigan. I already found tenants to stay at my new investment property.
I was googling for some info online and I ended up at biggerpockets. Need some inputs on
a) Can I open a new California LLC ; a Business Account and link the Michigan Condo to a California LLC
or
b) Do I have to open a Michigan LLC to link this Condo ?
Where can I find more info on how to associate this Rental investment property with a LLC ? What all steps need to be done?
Looking forward for some guidance. I am already thinking to approach Tax/Real Estate Attorney.