LLC structure for california resident with Indiana properties
Hi Everyone, I need some advice on structuring the LLC's and cost benefits. I'm a California resident planning to live here for at least the next 10 years. I currently own two properties in Indianapolis approx 50k each. I plan to purchase 1-2 more this year. I am trying to understand the best way to create the LLC structure. After looking at wyoming , Nevada and Delaware LLC, it seems that the kind of protection they are providing is not warranted or required or helpful for what my long term goals are.
1) Create an Indiana LLC to put the 2 properties in there. and Create additional LLC's for each 2-3 properties.
2) Create California LLC to be the Holding LLC for the Indinapolis properties ( Pay initial LLC creation costs and yearly $800 fees)
Any advice would be appreciated. Thank you.
Some of the resources I sourced my information from:
https://www.corporatedirect.com/wp-content/uploads...