What state should I set up my LLC in?

[Tyler Gilpin]

I’m currently working in Ohio for the next 4-12 months. I’m from NC, and plan on moving back. I have 3 rentals, one in NC and two in IL.

I plan on purchasing more rentals in both IL and NC, and possibly even OH. Does it matter a great deal which one of these states I choose to file my LLC in? And I'm assuming I can lump all 3 of those rentals in one LLC even though they're in different states. Also thanks for your help, this discord is extremely helpful.

[Doug Smith]

Keep in mind that any State that you try to finance a property in, the lender will likely require you to register the "foreign" (meaning from another State) entity with that State. You can use an entity that is formed in another State, but you'll want to register it if you buy.