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Investing in and Airbnb in Utah
Hello BP community!
I currently live in Seattle but am looking to invest in Utah with family. Our strategy is to find a property to buy, rehab and hold as a short-term rental on Airbnb that we can use when we visit the area. We currently have a WA state LLC already set up- my question is- should I register our WA LLC as a foreign entity in Utah, or start a new LLC in Utah to hold the property. When I invested out-of-state last, I had it in my personal name which I now know can open you open to liability. Any advice, input, thoughts would be greatly appreciated- as well as where we should go take the appropriate action.
Thanks!