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My wife and I live in California and we will purchase a rental property in Michigan. It sounds like I set up the domestic LLC in CA, then register a foreign LLC in Michigan (or is it vice versa) Is that the best way What about a real estate holding company
Hi Matt I have real estate properties in florida and have used a family address as the registered agent. The person, whom I nominated as my registered agent no longer lives in the property. It is now a rental. Do I need to change the registered agent. Also does the person who acts as a registered agent have any liabilities.
Hello! Since LLCs are usually pass through entities and do not pay state income taxes, with state income tax due at the personal level, is it best to file the tax return with an address in a state with no personal state income tax, such as Florida I have a Florida LLC and a registered agent there, so that should give me a Florida addresses for federal and state income tax filing purposes. My future LLC income will be from work from home IT consulting and short term rental income through Airbnb and similar (or I can choose to receive the income in my personal name directly via SSN instead of EIN for the corp). These properties are located internationally (Colombia). Airbnb requires either a social security number or an EIN for tax purposes for US persons, or if being paid to a US bank account. I reside primarily in New Jersey at the moment. I have a NJ driver license. Thank you!
Lots of rental property investors have failed in the course of their careers because they did not take the right steps. This book will show those who are ready to learn how to take appropriate action and gain maximum profit in their investments.
Real estate investing can provide a safe and fast path to financial freedom, and this business best seller will show you exactly how to get there. With in-depth advice, The Book on Rental Property Investing imparts practical and exciting strategies that real estate investors across the world are using to build significant cash flow with rental properties.
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