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All Forum Posts by: Ashwini Venkatesan

Ashwini Venkatesan has started 1 posts and replied 1 times.

Legal & Legislation

Post: Create LLC or not for out of state investment

Ashwini VenkatesanPosted
  • Posts 1
  • Votes 1

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.

1 Vote
San Francisco, California