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Updated over 4 years ago,
Real Estate LLC structure with Holding Company?
Hi all,
I currently have 4 properties.
One SFH in Memphis in a Memphis LLC
One SFH in Dallas in a Dallas LLC
Two Duplexes in Dallas in a NEW JERSEY LLC
Here are my questions if someone can help.
1. Does the LLC HAVE to be in the state where the property in located? i.e did I make a mistake placing the Dallas duplexes in a NJ LLC?
2. Do i just form a Wyoming or Delaware Holding company LLC and place the other 3 LLCs under it for maximum liability protection? Is that how its done - just making sure i'm doing this right. How are they slid under the Holding Comapany LLC (is there a question asked during the formation that allows the other 3 LLC's to be added under the Holding company?)
3. Wyoming or Delaware for the Holding Company LLC? I have a Medical LLC also that I may want to add under the Holding Company as well.
Thank you for any guidance!