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Updated 7 months ago on . Most recent reply

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Orlando Chavez
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General LLC question

Orlando Chavez
Posted

Hello. I have some questions about LLCs. Here are my future goals: 

-invest out of state (currently looking in Indianapolis, Fort Wayne, Milwaukee, Chicago).

-invest in multifamily properties (2-4 units)

-Invest in turnkey-ish units.

So now my questions about LLC:

1) Do you create an LLC on the state you're investing in or the state you live in?

2) Do you create an LLC for each property or only one LLC that owns multiple properties?

Most Popular Reply

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James McGovern
  • Flipper/Rehabber
  • Bloomfield CT
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1,600
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James McGovern
  • Flipper/Rehabber
  • Bloomfield CT
Replied

You do not need to create Llc to invest in real estate. I recommend you do homework on trusts as well

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