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Dawn Heimann
  • Georgetown, TX
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Series LLC or Just LLC's? / Local CPA who invests in RE?

Dawn Heimann
  • Georgetown, TX
Posted Mar 15 2018, 15:35

Hi, we currently live in Georgetown, TX which is just north of Austin. We are going to be purchasing our first home in Indiana this April. We want to start it out right. For the first quite a few homes, I see us just staying in Indiana. Should we form a Series LLC and if so should it be in the state of Indiana or should it be here in TX? Should it be in OH, where it is less expensive? or should we create individual LLC's for each property? Should we create the LLC then move the money into the LLC to purchase the property or should we purchase the property in our own name then transfer it into the LLC?

We plan on paying cash for the first one so there will be no loan, but we will take out a loan on the second one. 

Can anyone recommend a local CPA here around Austin, TX that we could start working with that is an investor as well?

Thanks for your time, help, and advice. 

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