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Updated over 2 years ago, 05/26/2022
Starting to invest in RE in a different state. Where to form LLC
Hi all,
Not sure if correct forum but my question is this, I currently live in PA and plan on working my current job for about 5-6 more years. I've got 1 property (inherited) in Missouri being rented and want to invest in more SFH and small Multi Family there as well. Should I form LLC's in Missouri where I plan to retire to or in PA where I currently reside? I will be using a Property Management company in area where investing (Missouri).
I did talk to my CPA in PA who said, "go ahead and do it in PA" but not sure if he is just trying to grow his business :)
Anyone have any tips or gotcha's I should consider?
Thanks for your time.
Martin