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All Forum Posts by: Yong Park

Yong Park has started 7 posts and replied 40 times.

Post: Confused about how to transfer Registration to another person

Yong Park
Pro Member
Posted
  • Investor
  • Seal Beach, CA
  • Posts 47
  • Votes 25

Does anyone know how to transfer the registration?  I am unable to attend and want to transfer my registration to a friend and his wife.  Thanks in advance!

Post: I need a Real Estate Agent who knows Stamford Connecticut

Yong Park
Pro Member
Posted
  • Investor
  • Seal Beach, CA
  • Posts 47
  • Votes 25
Thank you Ryan.  I did use the Find an Agent button.  I do need to find an investor friendly lender as well.  I'll PM you.  

Post: I need a Real Estate Agent who knows Stamford Connecticut

Yong Park
Pro Member
Posted
  • Investor
  • Seal Beach, CA
  • Posts 47
  • Votes 25

I am in the market for a condo or duplex in the Stamford or Greenwich market.  I am planning on traveling to the area to look at properties and communities in the week of November 13th and would like to meet with an agent.  Thank you!

Post: Anybody doing deals in Maui?

Yong Park
Pro Member
Posted
  • Investor
  • Seal Beach, CA
  • Posts 47
  • Votes 25

Aloha Zasha.  We will be in Maui from Nov 3 to 9th.  If the timing works, that would be great!

Post: Living in LA and investing in Indy

Yong Park
Pro Member
Posted
  • Investor
  • Seal Beach, CA
  • Posts 47
  • Votes 25

I'll be attending the Los Alamitos meet up Jeb.

Post: Anybody doing deals in Maui?

Yong Park
Pro Member
Posted
  • Investor
  • Seal Beach, CA
  • Posts 47
  • Votes 25
Originally posted by @Zasha Smith:

Aloha Nick! Yes there are several active investors on Maui. Feel free to message me, I'm in escrow on 2 deals right now and want to keep them coming. We just had a meetup last week and usually have them once a month.

Hi Zasha,

When is the next meet up?  Hopefully it is during a time that I am visiting the Island early November.

Yong

Post: SFH Out of State Investing - Q/A Haves and Wants

Yong Park
Pro Member
Posted
  • Investor
  • Seal Beach, CA
  • Posts 47
  • Votes 25

Hi Josh,

I will try to make it.  I am a local!

Yong Park

Post: Any advice on starting an LLC in Nevada?

Yong Park
Pro Member
Posted
  • Investor
  • Seal Beach, CA
  • Posts 47
  • Votes 25

Hello (again),

I would like to purchase a commercial building in Las Vegas. The building has been identified. Now the next step is to create an business entity to purchase the building. It appears that Nevada has favorable LLC laws in place. But the start up costs are not necessarily low. As far as I can tell, I need to obtain a business license, pay for up front fees from the state.

Secretary of State Articles fee $75.00

Secretary of State Initial List fee $150.00

Secretary of State Business License fee $200.00

I will be managing the building from orange county California.

Any recommendations on who to use to set this up?  I realize that I can go online and do it myself.  But I will still need a registered agent, as my accountant has told me to keep the business out of california for tax purposes.  I can use a family member as the registered agent, but that seems a bit less desirable.

Yong Park

Post: Cost to form a SDIRA owned LLC

Yong Park
Pro Member
Posted
  • Investor
  • Seal Beach, CA
  • Posts 47
  • Votes 25

@Alan Johnson: 

Thank you Alan.  I will read carefully through that post.

@Daniel Dietz:  Yes I will google them.

@Joe Homs:  Good to hear from you Joe.  Thank you for your feedback.

@Scott Smith: I never had heard of the business "trust" loophole. This may be my answer. I have no problem with paying the appropriate dollar amount to set up the LLC properly, especially if it will save moving forward. Awesome advice.

@Katie Lepore:  ditto.  If I do go this direction, I will pm you for sure!

@Carl Fischer:  It does look like around $2k is the going rate.  

I am grateful to you all.

Post: The Note Business May Not Be for You!

Yong Park
Pro Member
Posted
  • Investor
  • Seal Beach, CA
  • Posts 47
  • Votes 25
Originally posted by @Martin Saenz:
Originally posted by @Odie Ayaga:

On your topic, I think people should consider being more valuable to their employer to elevate their standing at work while building a side business.For me its about maximizing the number of income streams versus replacing one.The key to success (in my little mind) is to focus on building a business out of any venture you take on.I see a lot of failure because folks dabble versus assemble a business plan that they work daily.

Love it.  Totally agree!