Texas Series LLC - Needing Clarity After a Week on Google

[Jeff Gardner]

After researching Texas Series LLC for a week, I think I'm more confused now than ever before. 🤣 Wondering if anyone has any insight... ?

Here's the deal: I've currently got 2 properties. I've got 120 acres of farmland in Iowa and a SFH in Illinois. And I'd like to start a wholesaling business in Texas, where I live.

I was thinking about creating a Texas Series LLC - and then having a sub-series hold the wholesaling business, another holding the farmland, another holding the Illinois SFH.

However, I'm being told that the Texas Series LLC may not be great for property in other states (Illinois or Iowa) due to different LLC laws. So I may be better off just putting my wholesaling biz in it's own LLC (not a series) and then just putting each property into an LLC in it's own state.

Bit more expense - especially as I start investing in more properties. Was thinking series LLC would simply everything and keep costs down. I'd like to get this setup correctly now before I start building. (However, the advice I'm finding online is all over the board and contradictory at times - even among law firms.)

ANY suggestions on how to get this set up correctly from the jump? Thank you!