Creating LLC for out of state investing

[Kenny Kuramoto]

I'm needing to create a LLC for my lender. I'm investing in GA but live in CA. Do I have to make the LLC in GA where the property resides? Whats the best way to create one in a timely manner? I've heard of legalzoom and rocketlawyer. Thoughts?

[Kyle Sosnowski]

Quote from @Kenny Kuramoto:

Quote from @Danielle Davenport:

You should create an LLC for each property you purchase as an REI. It does not have to be in the same State - just make sure you keep the entities current and don't let them expire. I'd do it in a less expensive State than our home State!

I am hosting a webinar next month on asset preservation/protection. https://TrifectaAssetPreservation.eventbrite.com

I just read someplace that in CA if you conduct business here you have to pay the board $800 here. So we just create an LLC for Georigia then bay the CA tax board?

 Hi Kenny, 

Just wanted to give you a recommendation. Since you live in CA, I would read "Loopholes of Real Estate" that books goes over a TON of helpful asset protection stories and situations. And a TON of examples related to CA.