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Updated 1 day ago on . Most recent reply

User Stats

7
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3
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Lawrence Cargnoni
  • SAN JOSE, CA - California
3
Votes |
7
Posts

LLC questions: CA resident purchasing in MO

Lawrence Cargnoni
  • SAN JOSE, CA - California
Posted

Hi,

I'd like your input and pointers, please....
I am looking to purchase a property in St Louis using DSCR. I will use an LLC. We are targeting a close in early November.

(this is my second rental; it was purchased with a conventional loan)

I live in California.

I formed an LLC in Ohio because I had planned to purchase property in OH. Never did, but plan to do so.

(and it has our living trust as a member)

I registered the Ohio LLC in California as foreign entity because, evidently, I'm doing business in CA.

(it has me as a single member; it's in good standing)

Regarding St Louis purchase

The feedback I've received.

1. Purchase the St Louis house with the California LLC, even though it references a foreign LLC in Ohio.

     Do not form an LLC in Missouri

2. Create an LLC in Missouri

    Create a WY LLC holding company; make the LLC Missouri LLC the member

    Do not register the WY LLC holding company with CA.

Thoughts?

Additional option/path to consider?

pros, cons?

LarryC

  • Lawrence Cargnoni
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