Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago,
LLC advice on which state. TX or MS?
Hi, Quick background: I live in TX, but temporarily in MS for work. I found an awesome investment property in MS and currently looking at hard-money & refi after. I have 2 rentals in TX that are not in an LLC.
After looking at all the pros and cons, I decided to set up my first LLC.
Question: If the property I'm purchasing is in Mississippi (Rental-buy & hold), should I create one in TX or MS? Is there a potential risk of double taxation between the two?