Real estate investing in other states

[Miltiana Holdip]

I'm from NY but I would love to wholesale in NJ, do I register my LLC in NJ or is it ok to register in NEW YORK ?

[Scott Smith]

Originally posted by @Miltiana Holdip:

I'm from NY but I would love to wholesale in NJ, do I register my LLC in NJ or is it ok to register in NEW YORK ?

 Hey Miltiana,

Great question! You can register your LLC in either state, but the LLC will need to follow the requirements of that state for both formation and upkeep. The issue you would run into if forming the LLC in New York and having properties from NJ in it would be the additional costs of the foreign filing fees. You could always introduce Land Trusts, which would hold the properties and assign the LLC as beneficiary, to avoid these costs.