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Rentals in 84102 : Real Estate Advice

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Tue Feb 7, 2012
Matt Sneyd answered:
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 “pierce the corporate veil.”
- A Nevada LLC allows for “multi-tiered” ownership
- Nevada allows for “single member” LLCs.

There are a few other benefits but you should really consult with a CPA on this aspect of your investment strategy.
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