Knowing the laws and regulations of a foreign state can seem daunting.

If you have a Delaware LLC and do business in Illinois you must file in Illinois as a foreign entity and that pretty much wipes out why you went to Delaware in the first place.

Hey @Lorena Duany I work with foreign investors that are looking to purchase investment properties in the U.S. 

Based on internet Firpta means ( The disposition of a U.S. real property interest by a foreign person ) . 

Out of state LLCs are treated as foreign LLCs in CA.

As a newly graduated foreigner I have no credit record, no career or anything that will make anyone eager to offer me a loan  

It seems my options are to either form a South Dakota LLC and register it as a foreign company or form a California LLC and register it as foreign company in South Dakota.My questions:The LLC operating agreement can be simple, my wife and I will be the only members.

Lots of foreign buyers.

., that would make a foreign property very difficult and/or very expensive to get through underwriting.

There are alot of foreign investors that want to retire in the US who will readily loan or invest 500K to 1M to get their Green Card.