LLC where I leave or where the property is?

[Victor Andrade]

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 

[John Underwood]

Don't need an LLC yet. Especially if you have mortgages.