Tax Specialist For Out Of State Investing

[Eric Babcock]

I am a potential first time investor based out of Southern California.  With limited inexpensive investing opportunities near me, I see Out of State Investing as a great opportunity to get started.

Overthinking the entity set up and tax scenarios has held me up because I want to ensure I am doing things correctly:  Here are just a few of the questions on top of my mind:

- Is an LLC the best route to take when doing a BRRRR?

- Do you need multiple LLC's for each rental property or can all fall under same one?

- Does the LLC need to be registered in the state of the rental property?

- When purchasing the property, whether financing or hard money, is it done under you as an individual or as the business?

Would love to get your feedback or get pointed in the right direction of resources that can put these questions/concerns to rest.

Thank you!