Updated over 11 years ago on . Most recent reply
Legal councel for LLC
This is my first post, I am currently living in Fort Worth, Texas where I plan to start investing in real estate (looking at buy hold). I haven't bought my first property yet, and I still have some financial loose ends to clean up before I get started. I currently own a rental out of state that is being managed my a local property management company. I haven't been the treating this like the business that it is, and feel that I have left some money on the table. I am thinking about putting that property into an LLC.
My question is, do I need to find a tax professional/ CPA in the area that my out of state property is located, or can I find one here that will be able to help me out and I could continue to work with them once I get started in this area?
Once the LLC is set up for the out of state property, does that need to be the only property in the LLC or can more properties be added? Are there any restrictions/ obstacles to haveing properties in the same LLC in 2 different states?
Sorry for the long post