What are the best states to form an LLC?

[Marlon Perez]

As a new investor, one of the biggest fears of diving in the real estate pool is the fear of drowning. The more I hear about life preservers (LLC), the safer it feels to go past the 4ft marker.

I could really use the help of those who do hold a LLC for their investments properties. Is it smart to form one in my home state or should I venture out for tax breaks?

[Tamara Elliott-Deering]

Standard disclaimer I am not an attorney so do not consider this legal advice but I hold my LLC in the state that I live and I invest. There are numerous types of LLC's so I would recommend meeting with your attorney to help you figure out the best type for your situation, your accountant may be able to help as well.