Setting up LLC in my State or out of State

[Guillaume Vidallet]

Hello,

I will be closing on my first investment property in a few weeks in Buffalo NY and looking to acquire more in 2025 in different states (ohio, PA, Michigan), being a Florida resident, which state should I create my LLC in? Should it be a parent LLC to other LLCs for each properties? Thank you for your help!
Guillaume

[Alfath Ahmed]

Quote from @Guillaume Vidallet:

Hello,

I will be closing on my first investment property in a few weeks in Buffalo NY and looking to acquire more in 2025 in different states (ohio, PA, Michigan), being a Florida resident, which state should I create my LLC in? Should it be a parent LLC to other LLCs for each properties? Thank you for your help!
Guillaume

I would not make too many LLCs unless you are aggressively buying property since you have to file taxes on every LLC. This makes your expense go up. LLCs do offer a lot of protection. If you own property in Ohio, I would use an Ohio LLC. You can have them tied back to a Delaware or Wyoming LLC which has the most anonymity.

I can share an attorney that makes LLC