Updated almost 9 years ago on . Most recent reply
Question about buying out of state
Hello everyone,
I am currently in Texas, but relatively close to the borders of New Mexico and Arizona. If I want to invest in rentals in one of these other states, does the process become more difficult if I am not a resident of those states?
Scenario 1: I want to buy them under my own name. Will there be extra tax or fees for me not living in said state?
Scenario 2: I want to buy under an llc. If I already have one in Texas, would I have to file as a foreign llc in said state? Would I be better off just forming the llc in the state of interest?
Thanks