Newb still working on the first purchase here ;)   We all know that Delaware is the usual state to incorporate or establish the LLC for tax purposes, but I have also been told for real estate investing it's best to LLC in your own state or state you'll be investing.

I knew to be successful I had to change the narrative and learned how to be resourceful.I needed $8k to buy my first property with my partners but I had no money so I decided to open a 401k account with my employer and got 100% matching and worked little OT, and in 1 month my 401k had the money so I took it out as a loan to buy the property!

It's a fun narrative to crap on Portland.

In order to figure out the costs of doing this in IL (where all my current and future properties are/will be) I put together the chart below to compare costs of incorporating Series vs.

Kuba,The Builders Risk policy covers the Building in the course of construction and generally includes materials not yet incorporated in the building (on site, in transit, or at temp site) with separate limits.The type of builders risk you want is a Renovation Builder Risk.

I suspect the business version of Zelle and Venmo will incorporate consumer protections and charge more fees over time.  

Since Hempstead is an incorporated village, there are village tax, school tax, plus county tax.  

If you earn income and pay taxes in CA, then you are doing business in CA, and you still owe the $800 CA franchise tax fee, regardless of where the LLC is incorporated ... the OP is right on that one ... 

Account ClosedWith the breakneck pace at which technology is progressing in the field of real estate (as in many others), it’s no surprise that agents and brokers may feel overwhelmed with deciding what to incorporate into their marketing strategy.Lead generation in particular can pose a challenge in the competitive real estate environment.

Id rather put less down and try to incorporate some of the loan to development.Enter SBA 504 loan.