California resident - Out of State LLC registration in CA.

[Jared Swofford]

Hello all,

I am a VERY new and green to REI. I know I am a ways off from pulling the trigger on my first property, but I am interested in rentals out of state. I am a California resident and would like some advise from anyone who is also a CA resident and has formed LLC's out of state.

Everything I have read and listened to is pointing me to use a WY holing LLC as a top level entity. That being said, I have also been informed that if I, as the single member, am managing said LLC from CA I will have to pay the $800 to CA anyways to register my LLC with the state.

My question is, Are there any loopholes to this? How are you currently handling out of state LLC's in CA?

Again, I am about 2 months into my research and wondering how feasible and/or reasonable a WY holding LLC would be as a CA resident.

Thank you in advance for your time and knowledge...