New Member Introductions
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 8 years ago,
Separate Out-of-state LLCs, California investor (New member)
I am a newbie in RE investing. I've been researching, reading and listening to BP podcasts. I am planning to buy rental properties out of state. But my research stopped at forming LLCs. Opening a separate out-of-state LLC for each rental property, is incurring CA's $800 tax per year per LLC. I want to use LLC's for assert protection. What do general CA investor do regarding LLCs ?
Any info is appreciated.
Thanks.