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 about 6 years ago on . Most recent reply

User Stats

30
Posts
12
Votes
Jeannette C
  • Flipper/Rehabber
  • Delaware County, PA
12
Votes |
30
Posts

Live in PA, flip in DE in own name?

Jeannette C
  • Flipper/Rehabber
  • Delaware County, PA
Posted

I'm an experienced investor from PA, but just starting in DE. I've opened another LLC for Delware purchases on the advice of my CPA. However, I wasnt quick enough for a deal I've just encountered, so I wont have the docs they want in time to use the LLC. I cant get ahold of my accountant before my Sunday sign deadline to ask him.

This will be a small flip. What's the problem with buying and selling in DE in my own name, while living in PA?  Is it just simpler for the accountant or is there more to it?  I work in DE, so I know DE filling is a hassle.

Most Popular Reply

User Stats

6,241
Posts
3,800
Votes
Aaron K.
  • Specialist
  • Riverside, CA
3,800
Votes |
6,241
Posts
Aaron K.
  • Specialist
  • Riverside, CA
Replied

@Jeannette C aside from Delaware state taxes there really shouldn't be much, you'd have to file a return in DE as well as PA but that is about it, the LLC will have to do so anyway. However I am not an expert on DE tax law.

Loading replies...