Land Trusts, LLC's, Out-of-state
Hello,
I'm a total newbie to all of this. I'm about to get started in RE investing, but wanted to make sure I have somewhat of an understanding.
If I want privacy and asset protection, I would need to buy each of the investment properties with a Land Trust for privacy and then list the LLC as a bene/trustee.
Here's a question. I live in California, but what if the LLC is in NV and the investment properties are in states other than NV and CA? Would I have to file as a foreign entity doing business in each state of the properties? I have no idea if that makes any sense.
Explanations please?
capnhans
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