All Forum Posts by: Account Closed

@Hattie Dizmond

I will not rain on your parade. You are 65% true on what you are saying, and I work for a few law firms that sue LLC, corps and trust and I have never had any problem getting a Trustee under oath in a deposition to revel who the beneficiaries of the trust are, and if you file taxes under an LLC, it is not hard to get a copy of the tax returns if you can prove there is something was done illegal I have only been doing this over 15 years, and I have seen every trick in the book where investors set up LLC or corps thinking they can hide to only find out later they did all that work for nothing. I am working on one now in Irving where someone was hurt at the apartment complex, and the owner has the complex in an LLC pay everyone through another LLC, and this one is a slam dunk the owner has not paid taxes in over five years and going to deposition tomorrow, and he will settle after I revel about the IRS.

Hattie if I have time next week, I can teach you a few things about LLC'

I know a lot of people will disagree with me, but I have not a problem with that.

Joe Gore

@Nick B.

Don't buy into the guru hype that an LLC will protect your asset. It is not hard to find out who is behind the LLC or Corp, and lawyers will name all parties and then the house of cards will start to fall. Get a good insurance policy and be protected.

Joe Gore

Have you tried not charging an application fee because that is a turn of for most renters?

Joe Gore

In the Inland Empire, there are Chinese's buyers buying, and they don't need a big profit like you, and I do.

Joe Gore

@Ryan Dossey

Just consider your lost EM the price of doing business and also you tied up the property and the seller could have lost another offer.

Joe Gore

@Sonny Ngo

So you don't draw up a contract with weasel clause and spell out what you are doing and sign it.

Joe Gore

It is always best to be honest with the seller because you are tied up the seller's property for 30 or 60 days on a hope and dream when you don't have 2 pennies to rub together. Sonny if you are tied up a property, you should let the seller know everything and put it in writing and sign it.

Joe Gore

@Dion DePaoli

I agree with you, there been regulations coming down the pipe for a long time, but no one can agree how to enforce it. And on the new NPN investors, they will never follow anyone's advice because all the gurus who teach about notes have the investors believing all the hype and snake oil they are selling.

Joe Gore

You should be honest with the seller and put it in writing and explain it lines by line so the seller understands the contract.

Joe Gore

If anyone on the Internet tells you, they know how Dodd-Frank work you need to run for the hills because to my knowledge it has not been tried and tested yet.

Joe Gore