Business entity types for out-of-state investor from California
Hi Everybody :) I'm a buy/hold investor based in California. I just purchased a property in TN and working on the second one in Indiana. I don't qualify for conventional financing (and prefer not to use a cosigner). So I'm considering using an "investor loan" thats approved based on the rental income of the property. Many of these types of loans are offered to entities/businesses only, NOT individuals. My long term plan involves living in CA and buying rentals out-of-state, so I figure it's worth forming an entity, but not sure where to start. LLC is easy to form but perhaps not the best type for my needs. I've also heard about DSTs. Anyone have experience with this? Any recommendations or contacts you could share would be helpful. Thank you! :)