Setup LLC within the same state as condo or my home state?

[Dennis Gallof]

I have an LLC for my side business and I know the benefits of having one like protecting / keeping my personal assets separated, being able to write-off any expenses, etc.; however, I'm wondering if it would be better to create the LLC in the same state I'm purchasing the condo or my home state?

I currently put in an offer on a condo but if the sale doesn't go through then I can't use that address on my LLC application; so I guess I have to wait for the sale to go through and then transfer the title to the LLC...unless I setup a PO Box in that state and use that for the LLC address on the application for now?

Thank you!

[Luke Carl]

@Dennis Gallof you're asking terrible questions today and I love it. That's how things get done! You won't be able to finance a property in an LLC unless that LLC has tax returns. If you're paying cash for these properties that's different. You really need to talk to an attorney about this question not a forum on the internet