Have a question I need guidance with… In pursuing the ideas in Steve Cooks’ course on Wholesaling, I want to make offers on listed/bank-owned/REO properties but Steve’s method of making these offers and overcoming the ‘non-assignability’ clause is to make the offer as an LLC.
What I want to know is this, here in IL there is a $400 plus fee to originate an LLC, thus making it not so practical. The thing is I live very close to the MO border where the fee is I believe $109.
If I make an offer here in IL as ‘123 Main Street LLC’ and get it accepted, can I have the LLC formed in Missouri or does it HAVE to be done in the state where you are purchasing the property???