holding notes in different states under one LLC

[Ilana Lavie]

Hello all,

I'm new in the notes business and I have an opportunity to buy a pool of 4 notes in different states. I'm wondering whether it's possible to keep all of them under my LLC which is in Florida. It means that I will not pay any state tax for them although they are located in states where there is tax.

thanks

[Mike Hartzog]

There is no problem holding notes secured by collateral properties in different states in a single business entity (LLC). The income you receive is taxed based on the location of your business entity, not the location of the collateral properties securing the notes.