Justin is spot on. There are good deals in Nevada but I personally think if your going to invest out of state there are better places to invest. That being said there is no better place to invest than your back yard. I have heard of way to many people getting "raked over the coals" in states that they did not have a man on the ground in. As far as the LLC i think you should be fine buying houses in Nevada with a Utah LLC but you could also just create a Nevada LLC to buy properties in. The Nevada LLC has been know to have better protection anyways. Some benefits of a Nevada LLC are:
- Nevada is one of the most difficult states in which to â€œpierce the corporate veil.â€
- A Nevada LLC allows for â€œmulti-tieredâ€ ownership
- Nevada allows for â€œsingle memberâ€ LLCs.
There are a few other benefits but you should really consult with a CPA on this aspect of your investment strategy.