Wisconsin, because I believe otherwise your AZ LLC would need to foreign qualify to do business in WI and cost you more money.

Do I have to form a foreign LLC on that state before I can purchase it?

U can use a state specific LLC or you can use the WA LLC and register it as a foreign corp.

The 35% down payment is for other foreign citizens.

State LLCs, title companies, paperwork turnaround, agent customs, local banks, insurance.... this part was a little like building relationships in a foreign culture - even words are pronounced differently here.

But, as we used to say in foreign policy "trust but verify." 

To me it makes sense, with the high concentration of universities, foreign students, and being costal. 

@Qi Gao I would ask an accountant or an attorney before you do anything as far as structuring an LLC and including a foreign partner but from my understanding You can probably apply for the loan on your own and at the closing table you can do a quit claim deed transferring title to the LLC and or add your partner to the title of the property.

I’m excited to be in the real estate industry and look forward to doing all that I can to help make this process work a little better and move that change along.I'm launching a few programs in the months ahead focusing on helping house hackers and first-time investors, foreign investors, and folks looking to get more involved in the Milwaukee market.If any of the above sounds interesting to you, please reach out anytime.

Remember the $800 is for EACH and EVERY LLC.My suggestion is CA LLC makes/applies foreign qualification (i call it domestication) to states of KS “and” IA.Getting an accountant out of state is not such a good move as they are MAY BE not that well versed on CA tax law.