Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago,

User Stats

17
Posts
6
Votes
Victor Andrade
  • Investor
  • Lincoln, NE
6
Votes |
17
Posts

LLC where I leave or where the property is?

Victor Andrade
  • Investor
  • Lincoln, NE
Posted

Hi all, 

I know I already asked a similar question, so please bare with me. I’m having a little analysis paralysis here. I know most of you are not attorneys or CPAs, but just provide your opinion and please explain why.

Here is my situation. I currently live in Ohio, however I plan to relocate to Nebraska in the next year. I currently own two rental properties in Mississippi. I plan to acquire more properties in the future, they could be anywhere in country. My question to the forum is:

1. Do I create one LLC per property or place both of them in one LLC?

2. Do I create an LLC in the state of Nebraska or in the state of Mississippi?

I have asked this question to both my attorney and CPA and both tell me different answers lol. That’s why I’m asking here. 

Thank you for your time and response!


Victor 

Loading replies...