New to REI - Looking to start out of state

[Michael Arceo]

Hi,

I've been looking to get my journey started in Real Estate Investing and finally pulled the trigger after watching a few YouTube videos from Bigger Pockets. If I were looking at buying my first rental property out of state should I have an LLC in the state my rental property is or my home state?

[Min Zhang]

Hey Michael! It's generally recommended to form your LLC in the state where the property is located. Doing so helps simplify the process and makes your setup more efficient. I'd also suggest reaching out to a local attorney who can guide you through the setup and provide more specific information for your situation