Welcome to the investing in real estate show. I'm Clayton Morris, longtime real estate

investor and on this show we teach you how to build wealth by answering questions that you have about real estate investing.

So our goal here is to aim to make you a more intelligent real estate investor.

And one of the ways I think we can do that is by listening to other people's questions,

things that you might not have

thought about yourself but you can gain some valuable insight into the investing process.

So these are three questions we will answer today on the show and you can leave us a voicemail question if you'd like by going to

Morris Invest.com slash Clayton.

Again that's Morris Invest.com slash Clayton leave us a 30 second voicemail question and we will answer it here.

All right our first question comes from

Delante's question. Hi Clayton this is Delante in Illinois I want to apply for

a series LLC to place my rentals in, but I'd like to do it in another state

like Wyoming or Delaware because of the low costs and fees.

My question is, if you have any experience with out-of-state LLCs to hold investments, what are the pros and cons?

What do you have your LLCs personally?

Are they in specific states you have your properties in or do you have a one

parent or a master LLC and then hold a number of separate LLCs within it. Any help you can do? Thanks.

Thanks so much, Delante for that question. That's a high-level question and a very

intelligent one. Very, very good question. So over the years we've talked about our different

structure and how we do it. I would advise you though to seek your own legal

counsel with your own team and setting up your if you're going to go the series LLC route that is definitely different

than getting an LLC structure. Okay these are two different things and

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