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Updated over 2 years ago on . Most recent reply

Craig Nairn's profile image
Craig Nairn's profile image
Craig Nairn
Pro Member
  • Investor
  • from Albuquerque, New Mexico
  • Member since Jul 29, 2015
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Craig Nairn's profile image
Craig Nairn's profile image
Craig Nairn
Pro Member
  • Investor
  • from Albuquerque, New Mexico
  • Member since Jul 29, 2015
Connect
Craig Nairn
Pro Member
  • Investor
  • Albuquerque, NM
1
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5
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Tax, SDIRAs & Cost Segregation

Best stay to form LLC of 4 flat

Craig Nairn
Pro Member
  • Investor
  • Albuquerque, NM
Posted

We are doing our first deal - a BRRR rehab long term rental 4 flat in Chicago. We live in Albuquerque, NM. We first would like advice on whether or not to form an LLC for the property and secondly if we should form the LLC in Illinois, New Mexico or a more tax friendly neutral state. I would appreciate advice. I do know that we would probably have to sign a personal guarantee on the property either way.

  • Craig Nairn
    • Chicago, Illinois
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