Opening a Foreign LLC

[Salvator Lorick]

Good evening everyone,

I am very new to REI. I just moved to NY a few months ago and looking to begin my REI career here. As we all know NY is not very friendly when it comes to taxes. Would I be able to open a foreign LLC in a more tax lenient state like Nevada or Wyoming but purchase Real Estate in NY? Also would I have to pay taxes in both states? I understand that any info that is given is not legal advice. Any help that you all can provide would be greatly appreciated. Thank you in advance