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Updated 20 days ago, 12/04/2024

User Stats

8
Posts
4
Votes
Mahender Bist
Pro Member
4
Votes |
8
Posts

Where to form LLC for legal protection - Business in AL, Living in CA

Mahender Bist
Pro Member
Posted

I am an investor starting my real estate journey. I am about to begin purchasing rental properties in Alabama (Birmingham) and rehabbing and renting them. Based on your experience or expertise, will an Alabama State LLC or a Wyoming LLC work better from a legal protection perspective? I live in California. What is the best structure? My research guided me to form an LLC to hold the properties during repair/rehab (I am buying properties that need major fixing) and move them to another LLC where I will be collecting rent.
I am looking for any guidance from experienced investors and professionals.

  • Mahender Bist
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