Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 2 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Monica London
  • Investor
1
Votes |
2
Posts

Which state should I form an LLC in?

Monica London
  • Investor
Posted

I'm purchasing a duplex in Alabama but I live in Texas. Which state should I form an LLC in? What would be best for tax purposes?

Most Popular Reply

User Stats

618
Posts
518
Votes
Greg Parker
  • Realtor, Contractor, Property Manager
  • Montgomery AL and Dauphin Island, AL
518
Votes |
618
Posts
Greg Parker
  • Realtor, Contractor, Property Manager
  • Montgomery AL and Dauphin Island, AL
Replied

@Monica London I agree, have it in Alabama. When you get a lot of them, then put all LLC's in an anonymous LLC or trust. ONly a few states allow that, Delaware, Wyoming, Nevada, New Mexico, Ohio. That way you can hide all of your assets from angry tenants and attorneys.

Disclaimer, this is not legal advice, just something a friend of mine does.

business profile image
MGM Property Pros LLC

Loading replies...