All Forum Posts by: Duane Richards

@Aaron K. Thank you for the reply. Is there a recommendation for best practice? Do most states let you foreign qualify your LLC? I'll have to look into that!

I worry about having multiple LLCs outside my series for accounting reasons... still not sure how all that will work. I’ll keep researching!

I'm brand new to the real estate investing thing and am reading/researching as much as I can. I have earnest money down on three properties in my area being built and thought about using a series LLC and child entities for each property. However I am very interested in out of state purchases, either on my own or through Roofstock or other turnkey providers. Do I need a local LLC for each state? Is it possible to use my series LLC across state lines? Or would it be easier as a start to use an umbrella insurance policy, which I will likely use as well.