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Updated over 8 years ago,

User Stats

27
Posts
28
Votes
Sagar S.
  • Santa Clara, CA
28
Votes |
27
Posts

Separate Out-of-state LLCs, California investor (New member)

Sagar S.
  • Santa Clara, CA
Posted

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.

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