We see so much population and job growth here especially now that major companies like Intel, Meta, Google, Amazon, etc. are moving and developing here.

I'd rather you have a single family home in Waco, Belton/Temple, somewhere on the I-35 corridor than an out of state duplex in a stagnant market with little to no population growth. 

I do have liability umbrella insurance, but I want to set up a better business structure for long term growth the correct way.

.- Review your daily schedule and take inventory of the tasks that has been repetitive.

So, I've been reading and hearing about the market and future growth of NC.

Hey BP community I want to give my opinion of what out-of-state real estate investing looks like to me:Out-of-state real estate investing offers the chance to diversify your portfolio and tap into high-growth markets.

Upon further inspection, I quickly recognized that the times they were allocating for various tasks were grossly overexaggerated.

Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.

I would personally recommend Columbus OH because of the great macroeconomics - population growth, job growth, and lots of major companies moving and developing out here such as Amazon, Intel, Meta, Google, etc.

Research the Best MarketsFocus on High-Demand Areas: Look for markets with strong investor activity, population growth, and job opportunities.