Separate LLCs for a California Resident

[Yisrael Weiss]

Hello brain trust,

I'm purchasing my second property in Ohio as an out of state investor living in CA. Everything I read said to put each property in it's own Ohio based LLC and each with its own bank account.

As I went to create my second LLC my agent warned me that due to California's tax rules I may end up spending more in taxes than the decreased liability of having the properties in separate LLCs isn't worth it.

I am reaching out to my accountant, but is this anyone else's experience?  I know there's tons of CA investors so hopefully someone has some insight into the best approach.

Much thanks!

[Paul Belli]

Thank you for the information Katie. That was the most succinct llc post ive read.