LLC for each state in REI?

[Bob Joe]

Is there a reason for REI not to just open a separate LLC for each state and purchase under that LLC?

ie. I buy property in Florida under a Florida LLC, Texas under a Texas LLC etc.

wouldnt that be the easiest way re: taxes and registering as an out of state purchaser? 

[Alex Olson]

Originally posted by @Bob Joe:

Is there a reason for REI not to just open a separate LLC for each state and purchase under that LLC?

ie. I buy property in Florida under a Florida LLC, Texas under a Texas LLC etc.

wouldnt that be the easiest way re: taxes and registering as an out of state purchaser? 

 Everyone has a different approach to how they want to handle. I think your strategy is fine but does not give you the most legal protection. Speak to a real estate CPA/tax accountant to get the advice you need.