NY LLC for a property in Detroit
Hi All - super excited to be here! Relatively new to the real estate investing world - and absolutely love it so far! Through its ups and downs, I have learnt a lot, and believe it has given me some character.
Ok, on to my question -- could you please tell if it is ok for me to open a NY LLC and add a Detroit based property to it? If not, what is recommended? I'd ideally prefer to have the LLC based in NY because I don't have a mailing address in Detroit (other than the property I own - where I don't want the mail to go).
Thank you much!
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- Property Manager
- Royal Oak, MI
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You will probably need to pay fees to register the NY LLC in Michigan, so you can properly file your state income tax retuns in Michigan.
Most of our out-of-state clients create LLC's here in Michigan for their Michigan properties.
As @Alberto Nikodimov recommend though, check with the experts.
- Drew Sygit
- [email protected]
- 248-209-6824
