LLC for rental property

[Carol Lam]

Hi,

I live in california, but I find a property that I am interested in.  In california, an LLC costs 800 minimum tax payment.  Is there a way I can set up a LLC outside of california?  If so, which state is the best?  Thank you.

Carol

[Olia Fogel]

@Carol Lam If you are looking to potentially own multiple properties in the future, then I would recommend considering a Delaware Statutory Trust (DST). It has a parent-child structure to separate assets into secure series, similar to a Series LLC, extending liability protections to real estate investments within the structure.
Additionally, DSTs don’t have to pay the $800 annual Franchise Tax owed by LLCs and Series LLCs.