Realtor · Fremont, CA · Member since 2020 · 60 posts · 14 votes
Hi All
We are planning to buy to SF rental properties homes in Alabama and we live in California. We wanted insight as to which the best structure in which we should the properties:
1. Nevada LLC registered as foreign entity in Alabama and hold property under a land trust
2. Directly have an Alabama LLC
3. Wyoming LLC registered as foreign entity in Alabama and hold property under a land trust
We are trying to decide the same - between California LLC alone, or holding Alabama property in Wyoming LLC as parent, while registering as foreign LLC in California. What did you decide on?
Spoke with our real estate attorney and CPA. Ended up with Alabama LLC ($100 per year), and registered as foreign entity in California via Form LLC-5 ($800 per year). We ultimately chose to do this as we may not be in California forever, and once we move, we can ditch the California LLC fees.