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Updated over 1 year ago on . Most recent reply

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Blake Avila
4
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New to out of state investing. Make my LLC here or out of state?

Blake Avila
Posted

New to out of state investing. Should I create my LLC in my home state or in the state I'm going to invest in?

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268
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369
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Kerlous Tadres
  • Realtor
  • Columbus, OH
369
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268
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Kerlous Tadres
  • Realtor
  • Columbus, OH
Replied

You should create an LLC in the state you're going to invest in. What areas are you thinking of investing in? I recommend investing in Columbus.

Columbus, Ohio is a great market to pick up rental properties because of the lower home prices and demand from renters. JPMorgan Chase, Nationwide, Honda, L Brands, Huntington, and Amazon are just a few of the many companies that have thousands of jobs in the city.

New Albany is home to several major data centers including ones operated by Amazon, Google and Facebook, whose parent company, Meta, announced plans in the spring to expand its New Albany campus.

Strategy wise I would look for multifamily properties so you can start cashflow. I would recommend networking with realtors and seeing what they have to offer to help you out while looking for great investment opportunities!

Happy to connect to discuss more!

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Kerlous Tadres | Reafco Real Estate
5.0 stars
16 Reviews

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