Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Brian Davis

Brian Davis has started 1 posts and replied 4 times.

Post: Charm City Buyers NextGen Program

Brian Davis
Pro Member
Posted
  • New York, NY
  • Posts 10
  • Votes 5

I have been on 2 of their webinars and they seem very knowledgeable and sincere to me, although I have not met them or joined the program yet. They will be on the Rants & Gems podcast tonight on YouTube. 

Post: What State to form my LLC?

Brian Davis
Pro Member
Posted
  • New York, NY
  • Posts 10
  • Votes 5
Originally posted by @Nathan Gesner:
Originally posted by @Brian Davis:

I live in New York but I am currently looking to invest in long-distance real estate, mainly in the Baltimore, MD area. I will be creating an LLC soon to begin holding my properties however I'm not sure if I should register it in Maryland, New York, or an "LLC-friendly" state like Delaware, Wyoming or Nevada. Also will I need a registered agent and does the agents address matter?

You should be able to register your LLC in any state. Wyoming is extremely easy and inexpensive, but there are other states that are probably just as good. I registered an LLC a couple months ago and it took about 15 minutes and $200. That included creation of the LLC, all the legal documents filed with the state, and the forms needed to open a bank account. Procuring a Tax ID was a different process and another $50 I think. It's all registered through the local agent so my personal name doesn't show on any documents. If someone wants to sue me, they would serve notice to the registered agent and then it gets forwarded to me.

 Appreciate the help Nathan! How did you choose your registered agent?

Post: What State to form my LLC?

Brian Davis
Pro Member
Posted
  • New York, NY
  • Posts 10
  • Votes 5
Originally posted by @Kyle Mccaw:

Great question for a local attorney. Biggerpockets posts will provide plenty of unlicensed/unqualified answers.

 Thank you Kyle! I am in the process of looking for a real estate attorney in the area now.

Post: What State to form my LLC?

Brian Davis
Pro Member
Posted
  • New York, NY
  • Posts 10
  • Votes 5

I live in New York but I am currently looking to invest in long-distance real estate, mainly in the Baltimore, MD area. I will be creating an LLC soon to begin holding my properties however I'm not sure if I should register it in Maryland, New York, or an "LLC-friendly" state like Delaware, Wyoming or Nevada. Also will I need a registered agent and does the agents address matter?