Two states investments

[Bar Shalom Laniado]

Hey,

I am a Wisconsin investor and I consider start investing in TX.

I have LLC in Wisconsin. Could you please advice regarding the following:

1. Can I use the Wisconsin LLC to hold my TX properties?

2. Should I do it? Are there advantages to open a new LLC?

Note: I may practice in wholesale deals in both markets 

Thanks!

[Chris Seveney]

Quote from @Bar Shalom Laniado:

Hey,

I am a Wisconsin investor and I consider start investing in TX.

I have LLC in Wisconsin. Could you please advice regarding the following:

1. Can I use the Wisconsin LLC to hold my TX properties?

2. Should I do it? Are there advantages to open a new LLC?

Note: I may practice in wholesale deals in both markets 

Thanks!

 Yes you can do it, you just need to register the company as a foreign entity. you should talk to your CPA about opening a new business versus keeping it as it relates to taxes and if there are any benefits for having 2 versus 1.