Wholesaling in Another state- LLC advice, taxes?

[Alain Perez-Majul]

Hey guys! Of course, at the end of the day this is best ran by a lawyer, but I'm thinking it's not that complicated of a question and wanted to get some feedback from those who have either gone through this or are simply knowledgeable on the subject. 

I'm considering investing/wholesaling in a market outside of my own state. Is it important to open up an LLC in that new state, or does it matter all that much? Can I simply continue running operations through an already-existing LLC within my state? What should I consider and keep in mind (legal or tax-wise)?

Any feedback helps! Sorry if it's a dumb question :P

Cheers

[Tanvir Sattar]

@Alain Perez-Majul it is always smart to put each property in an LLC. This protects you from someone coming after your assets by separating them and it gives you the benefit of pass-through taxation.

As for which state to put the LLC in that is going to depend on the state. For instance I know California is very expensive due to high filing fees and high annual renewal fees. So it might make sense to keep it out of state. Good luck!