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Updated almost 5 years ago on . Most recent reply presented by

Account Closed's profile image
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Account Closed
  • Rental Property Investor
  • from Washington, DC
  • Member since Sep 6, 2019
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Washington, DC
  • Member since Sep 6, 2019
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Account Closed
  • Rental Property Investor
  • Washington, DC
14
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94
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Tax, SDIRAs & Cost Segregation

Purchasing an out of state property with my current LLC

Account Closed
  • Rental Property Investor
  • Washington, DC
Posted

I have an LLC in Maryland and am interested in purchasing a property in North Carolina. Can I purchase the North Carolina property under my Maryland LLC? Thanks

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Sean Morrison
  • Attorney
  • from Slidell, LA
  • Member since Jun 15, 2016
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Sean Morrison's profile image
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Sean Morrison
  • Attorney
  • from Slidell, LA
  • Member since Jun 15, 2016
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Sean Morrison
  • Attorney
  • Slidell, LA
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Sean Morrison
  • Attorney
  • Slidell, LA
Replied

You can, but it's a better practice to buy it with a local LLC. Courts are picky about real estate and won't recognize some of the LLC protections other states offer. It's much more useful to have your ML LLC own a local NC LLC.

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