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Tax, SDIRAs & Cost Segregation

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Scott Willoghby
  • Real Estate Investor
  • Melbourne, Victoria
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13
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Wholesaling using Wyoming LLC

Scott Willoghby
  • Real Estate Investor
  • Melbourne, Victoria
Posted Dec 25 2015, 11:15

Hi,

I'm intending to set up an LLC early next year, and start wholesaling remotely in 2, maybe 3 states during 2016.

This is how I'll be working:-

  • I find the leads.
  • I pass these leads on to a JV partner in that state (wholesaler)
  • He/She finds the cash buyer and assigns/double closes using a local Title Company
  • My wholesaler receives the assignment fee.
  • I invoice my wholesaler for 50% of this fee.

My question is:- Given that I'm only "invoicing" the wholesaler, do I need to register my LLC in any state other than the one where my LLC has been formed?

Thanks

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