Start my LLC in my home state or property state

[Darnell Eason]

I’m just starting out in the real estate investment world. I live in New York and I’m looking to buy property out of state. My question is...do I form the LLC in my home state or in the state in looking to buy he property. I know I’ll need a registered agent at some point. Thank you in advance.

[Vik P.]

@Quynh Lan Nguyen - Yes or you will have to foreign register your LLC from one state into the oter state. E.g if you have an LLC in MO you want to hold a rental in TX you will have to foreign register your MO LLC in TX Depending on the size of your portfoilo and equity in your rentals your attorney should be able to suggest the best entity structure for you Hope that helps