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All Forum Posts by: Donna Williams

Donna Williams has started 2 posts and replied 12 times.

Buying & Selling Real Estate

Post: The risks of wholesaling

Donna WilliamsPosted
  • Posts 12
  • Votes 1
Quote from @Charlie MacPherson:

@Markus Gomez  I did the legwork to provide the actual real estate law for CA above.  You might want to read it.

Title companies don't care about the legalities, as long as they can do their work and get paid for it.  Why would they care a whit if the seller is getting screwed?  They're not the seller's fiduciary.

Being honest with sellers is all well and good. Disclosures are good too - but all the explanations and disclosures don't change the fact that wholesaling is a license-required activity in CA.  

By the way, a contract formed for an illegal purpose is void at its inception.  If a family member or friend finds out that you screwed grandma out of thousands of dollars in equity, that could turn into a very big problem for you.


 Why did you do work on an issue that's none of your business, doesn't concern you, and is on the other side of the country. I'm not aware of a global real estate license. Obsessed with OPM much?

0 Votes
Wholesaling

Post: Getting a Wholesale Contract in California

Donna WilliamsPosted
  • Posts 12
  • Votes 1
Quote from @Joshua Dayrit:

If anyone needs a contact for a real estate attorney in California who is extremely knowledgeable in wholesaling, please message me and I can provide their contact info. 


Need one today. Shocked how clueless the field is.

0 Votes
California Real Estate Q&A Discussion Forum

Post: California Attorney for LLC and Op Agreement

Donna WilliamsPosted
  • Posts 12
  • Votes 1
Quote from @Jo-Ann Lapin:

I have a referral for you. You are welcome to pm me.

Please share with me. I need the same.
0 Votes
General Landlording & Rental Properties

Post: Southern California real estate attorney

Donna WilliamsPosted
  • Posts 12
  • Votes 1
Me too please. Need a CPA too.
0 Votes
Buying & Selling Real Estate

Post: California resident with WY parent CA sub LLCs

Donna WilliamsPosted
  • Posts 12
  • Votes 1

Is this anyway or just when I do payroll? Expensive YES! Can’t believe how much lawyers fleece for this. It’s 28x$ to use a lawyer and do it right.  For just ONE llc.

0 Votes
Buying & Selling Real Estate

Post: California resident with WY parent CA sub LLCs

Donna WilliamsPosted
  • Posts 12
  • Votes 1

Not quite. It's a well known preemptive strategy from a real estate tax attorney. If I had a full staff of professionals I wouldn't need BP.

0 Votes
Buying & Selling Real Estate

Post: California resident with WY parent CA sub LLCs

Donna WilliamsPosted
  • Posts 12
  • Votes 1

Fine with paying normal CA operating taxes and reg as long as it's once per year not two hits. No active business in WY. It's exclusively for holding purposes for anonymity. If I use this structure will I pay $800 fee for both? Either way will I ever have to name myself in CA on any public documents going forward. This will be manager managed and member managed, respectively with sole owner. What about after upgrade to WY S election for payroll? Income flows to WY LLC and I will cut payroll from that account, right? So how does yearly tax filing work with the double structure.

1 Vote