Updated 1 day ago on . Most recent reply

LLC questions: CA resident purchasing in MO
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