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All Forum Posts by: Stephen Lee

Stephen Lee has started 3 posts and replied 11 times.

Post: Foreign LLC in Ohio???

Stephen LeePosted
  • Posts 11
  • Votes 4
Quote from @Jason Allen:

I would have to ask, why not just set up another LLC in Ohio? Unless there were a pressing need for using a foreign LLC ...


 I set this up a while ago so I do not remember the exact reasoning but it had to do something with the laws of New York since I reside here. 

Post: Foreign LLC in Ohio???

Stephen LeePosted
  • Posts 11
  • Votes 4
Quote from @Sam Munroe:

@Stephen Lee did you have an attorney set it up or did you do it yourself?


 Did it all by myself. It was very easy and took less than 5 minutes.

Hi BP, 

I am looking to purchase my first home in the Queens (nothing west of Flushing) or Nassau County area. The goal is to make equity out of this purchase as this will not be my forever home. So I will be looking for a home that will need some or a lot of work done. Yes, I know many people say to not think of your home as an investment. But I am looking to move out in 5-6 years after purchasing the home. For these reasons, I am in need of a realtor who is invested minded and has experience with such situation. Will appreciate any recommendations. Thank you. 

Post: Foreign LLC in Ohio???

Stephen LeePosted
  • Posts 11
  • Votes 4
Quote from @Tosin Olu:
Quote from @Stephen Lee:

HI BP Forum,

I will be looking to buy rentals in the state of Ohio soon. My home state is in New York and I have a LLC set up here in New York. If I will be using a PM company to manage my rentals, must I file my LLC as a foreign LLC in the state of Ohio? Appreciate any help I can get on this topic. Thanks!


 Hello Stephen- Please did you get clarification on this? I am in the same boat and wondering how to go about registering.


Hi Tosin Olu. Yes, I registered as a foreign LLC in Ohio and it was very easy.

Post: Foreign LLC in Ohio???

Stephen LeePosted
  • Posts 11
  • Votes 4

@Zeke Liston I would love to get in contact with them!

Post: Foreign LLC in Ohio???

Stephen LeePosted
  • Posts 11
  • Votes 4

@Remington Lyman I would love to see the list. Appreciate it!

Post: Foreign LLC in Ohio???

Stephen LeePosted
  • Posts 11
  • Votes 4

HI BP Forum,

I will be looking to buy rentals in the state of Ohio soon. My home state is in New York and I have a LLC set up here in New York. If I will be using a PM company to manage my rentals, must I file my LLC as a foreign LLC in the state of Ohio? Appreciate any help I can get on this topic. Thanks!

@Patrick Britton I have seen mixed responses in regards to the LLC.

@Theresa Harris Yes I do. I will talk to them about that. Thanks!

@Ryan Mainwaring I will be looking to buy MFH and yes, I will be financing.