Should we file the LLC in NY and apply for a foreign LLC if we decide to buy properties outside of NY in the future.  

The Philippines has strict foreign ownership laws.

If you own property in a different state than your LLC, you'll have to register it in the state with the properties as a "foreign entity".

Plenty of out of state and foreign investors I have help get started investing in that area as well.

You need to register the LLC in PA but also register as a foreign entity in CA.

I have combined total of 10 years of experience Ive listened to every bigger pockets podcast 2 times (While commuting so I cant say I learned from every single one) and read all books recommended except the current book I'm on which is "Set For Life: by Scott Trench" so far so goodMy Current Aspirations:Complete SDSU construction Project Management Certificate March 2018 (90% completed)Complete Contractors License 11/2017Learn foreign language in 2018My Long Term Aspirations:Possibly go to SDSU for business Take professional classes to improve or learn new skills.Somehow break into the Real Estate Investment Industry Be able to replace my labor income with Passive income completely and Invest in real estate full time when its no longer necessary to work for someone else. 

I have an foreign investor client with $2.5m in a commercial property overseas (Estonia), around 2.8% cap until mortgage payoff in roughly 5 yrs- even then sounds like 5%.

Up to this point our clientele mostly consisted of foreign/international cash buyers.I was recently approached by a local bank that said they can finance domestic investors with 10-20% down.

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

This option will also provide better asset protection and simply foreign filing a Nevada or Delaware LLC to do business in California.