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Updated almost 3 years ago,
LLC where I leave or where the property is?
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