Type & LLC in home state vs foreign

[Kallan Kaliya]

Hi,

I am investing with a company. The company buys and rents out properties. They pay interest to me for my money. I was thinking of creating a llc to save on my interest profits. I am in California. Looking at various posts on internet it is suggested to open one in your home state. Any advantage/disadvantage of not doing that. Any company which can do this for nominal fees.

Thanks,

KK