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Updated almost 4 years ago on . Most recent reply

Joe S.'s profile image
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Joe S.
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  • from San Antonio
  • Member since May 24, 2020
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Joe S.'s profile image
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Joe S.
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Joe S.
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  • San Antonio
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Texas Real Estate Q&A Discussion Forum

A LLC question for out-of-state investing

Joe S.
  • Investor
  • San Antonio
Posted

I am looking to buy properties in another state that I do not currently live in. I am looking to set up an LLC just for the new properties in the other state. Should I form an LLC in that particular state? Or should I form my new LLC in the state I'm currently in which is Texas and then register that LLC in the other state?

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    Steve S.'s profile image
    Steve S.'s profile image
    Steve S.
    • Lender
    • from Los Angeles, CA
    • Member since Oct 15, 2015
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    Steve S.'s profile image
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    Steve S.
    • Lender
    • from Los Angeles, CA
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    Steve S.
    • Lender
    • Los Angeles, CA
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    Steve S.
    • Lender
    • Los Angeles, CA
    Replied

    I think you should set it up in Wyoming, there are a lot of benefits setting up a single purpose entity in Wyoming.

    -Steve

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