LLC for rental property - multiple location

[Ken Tsai]

Hello BP family, question for you.

So I am about to make offer on my first MF units in state of Illinois ( I am in CA)

I was told that I should open LLC and have property under for tax and liability purpose.

So my question is that , if in the next year if I purchase another one , can I and should I keep under the same LLc ? And for the current one that I am working on , can I purchase it under Perosnal first and transfer to llc after ?

Thank you guys !!

[Bjorn Ahlblad]

@Ken Tsai In the state of Washington you will be charged a transfer tax if you buy in your name and then transfer to LLC and vice versa. I do not know about CA.