NY LLC for a property in Detroit

[Shiv A.]

Hi All - super excited to be here! Relatively new to the real estate investing world - and absolutely love it so far! Through its ups and downs, I have learnt a lot, and believe it has given me some character.

Ok, on to my question -- could you please tell if it is ok for me to open a NY LLC and add a Detroit based property to it? If not, what is recommended? I'd ideally prefer to have the LLC based in NY because I don't have a mailing address in Detroit (other than the property I own - where I don't want the mail to go).

Thank you much!

[Drew Sygit]

You will probably need to pay fees to register the NY LLC in Michigan, so you can properly file your state income tax retuns in Michigan.

Most of our out-of-state clients create LLC's here in Michigan for their Michigan properties.

As @Alberto Nikodimov recommend though, check with the experts.