All Forum Posts by: Rory McGonigle

@Account Closed where about in Massachusetts were you thinking?

Thank you, @Bryan O. and @Account Closed for the additional information!  This is all very helpful and I appreciate the suggestions.  I will definitely discuss this in more detail with my CPA.

@Bryan O. so you ended up just registering your CO LLC in your new investment state vs creating a new LLC just for that different state?

Same here!  Thank you again for the info @Nicole A.!

Thank you, @Nicole A. !  Very helpful information!  Would be interested to hear what investors do when they are wanting to invest in multiple states.

Thank you @Steven Hamilton II ! I'll try to research the pros / cons of both options.

@Mike D'Arrigo what a fantastic spreadsheet! Is most of this information readily available for any city?

What are your tax implications if you set up a LLC in your home state, but primarily buy RE in other states? Specifically for buy and hold REI. Would you owe any taxes to the state where your property is in? Or simply to your home state where your LLC is set up? Or would you recommend setting up the LLC in the state where a majority of your REIs are?

Congratulations @Jenna Estefan!  I am currently looking for my first similar deal.  Thanks for the motivation!