Updated over 2 years ago on . Most recent reply
Create LLC or not for out of state investment
Hi. We live in CA and want to buy a property out of state. Potential seller (experienced real estate investor) recommended we create an LLC and buy the property. I am not sure I understand all the tax / fees associated with creating and maintaining an LLC. If we ever wanted to re-finance the property for future investments, would we be able to do that with the property being under LLC? Plus with the fees, I am not sure if the numbers make sense. We need some good CPA / advisor referrals to help us navigate.