LLC and CPA questions from New York.

[Richard Matthew Prock-Golan]

I just put an offer on my first investment. Who knows if I'll get it, but at the moment, it's just a verbal offer. I haven't created an LLC yet, and wanted some advice. I was contacted by a firm in Nevada saying it's the best place to incorporate. Is that true? Also, should I even worry about this right now? It might be too late for this property, if the offer is accepted within the next few days anyway. Thoughts? (I'd still like to know who I should incorporate with, so if you have suggestions, I'll take them)

On the CPA, can the CPA be located anywhere, or should they be where the property is? I'm looking at properties in The Catskills in upstate NY at the moment. Does anyone have CPA recommendations for me? Someone they love?

Thanks in advance!

[Angelo Forzano]

Every state has different tax laws I would definitely find a local CPA firm or person. . Concerning an LLC I just had a conversation with a New Jersey Bank who told me they will not Finance an LLC because it's an added layer of protection for the borrower and more work for a bank to foreclose if need be. Something you may want to discuss with your lender.