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Updated about 8 years ago on . Most recent reply

User Stats

4
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4
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Prince Chijioke
  • Investor
  • Dallas, TX
4
Votes |
4
Posts

Question about buying out of state

Prince Chijioke
  • Investor
  • Dallas, TX
Posted

Hello everyone,

I am currently in Texas, but relatively close to the borders of New Mexico and Arizona. If I want to invest in rentals in one of these other states, does the process become more difficult if I am not a resident of those states?

Scenario 1: I want to buy them under my own name. Will there be extra tax or fees for me not living in said state?

Scenario 2: I want to buy under an llc. If I already have one in Texas, would I have to file as a foreign llc in said state? Would I be better off just forming the llc in the state of interest?

Thanks

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