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Updated over 4 years ago on . Most recent reply presented by

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David Levin
  • Member since Nov 1, 2019
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David Levin's profile image
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David Levin
  • Member since Nov 1, 2019
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David Levin
7
Votes |
46
Posts
Tax, SDIRAs & Cost Segregation

LLC for multifamily in different state than property location

David Levin
Posted

Hi All! I am currently closing very soon on a Multi-Family in Chicago. The property is under a Florida LLC. I was advised by my accountant that this is ok. I figured it would be with a few other details he noted. But was also advised by RE attorney that I will need to get approval in IL? And, that I need to present certified LLC docs (Organizational, OA) that are within 90 days? Why is this? Is this true? My LLC is current since inception in 2019. I appreciate any insight on this. Thanks!

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