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Updated over 4 years ago,
LLC for California Residents
I'm debating whether or not if it makes sense to get an LLC for my out of state investment properties? I know it would make sense from a legal stand point but with the $800/yearly cost taking away from the cash flow is that worth it? is there another alternative with getting some type of liability set up through homeowners insurance? Are there any Hacks with this without breaking any laws with the state I live in? I have 2 LLC's that im currently paying for in California non related to investment properties , would I be able to use either of those to get liability coverage for my investment properties?