All Forum Posts by: Doug Rose

My CPA has recommended to me that each corporation should operate and do business strictly in the state that it does business. Mostly to avoid the issue here in California where they try and stick you with an extra annual $800 franchise fee for your out of state corporations just because you live in California.. As long as your bank and all business is done in the state where the corporation does business you should be fine. You could also use a sub-LLC where your current corporation would own your Corporation in another state. Thats how it has been explained to me by my CPA... I am not a CPA, but if you would like a good recommendation, I would suggest Mark Kohler and KKOS... he is awesome

I would recommend Mark Kohler or Mat Sorenson over at KKOS... they are who I use for everything... 

Hey Evan,

Back in 2009 I was a student of a program called "Nouveau Riche"...  We would meet at a hotel in phoenix every 3 months for one week of classes, and also had audios/videos and books online to read.  The two founders had a falling out and went their own ways and Nouveau Riche became "Renatus"   I paid $18,000 to be a part of that.  I have never had any experience with the new company, but from what I understand, they still use a lot of the same instructors who were all pretty great.  I learned a lot and made a lot of business connections that I still utilize today.  Still the truth is you can learn pretty much all you need online, especially if you have someone to guide you in the right direction.  Also, they used to have a system where anyone who recruits new students would get a 50% cut of the new students tuition, Im not sure if that is still the case.  Anyways, if you would like to know more about it, just shoot me a message

Hey Mary, I am an investor in the Phoenix area.  I have been primarily focusing on the scottsdale area over the last year, and I am starting a new fix and flip project in a few weeks.  If you need any help or recommendations, I can probably get you connected with the right people.  Just let me know!

Hey Brandon, I have been investing in Real Estate since 2009.  All my investing efforts over the last year have been focused in the Scottsdale area, and I am starting up a new rehab project in the area on October 1st.  If you have any questions about the area, or would like any recommendations on contractors, feel free to message me.

Congrats Brandon, I have been focusing on investing in the Scottsdale area over the last year and I really love the area.  I am starting another Rehab near Hayden and Camelback on October 1st.  Feel free to ask if you have any questions about the area, or if you need any recommendations for contractors, I have some really great ones that I have been working with.

I can connect you up with the contractors that I use out here and they can make sure you are taken care of if you are interested.

As a general rule you should use an S-Corp for everyday business (flips) because of the tax advantage of the salary dividend split. LLC's are for passive business (rentals). You should never use a C-corp unless you have more than 15 employees... If its just you, use either an LLC or S-Corp.

I do a lot of investing in the Scottsdale area, I just sold one property off of Hayden and Roosevelt and another property just went up for sale near the Hayden and Indian School area.  You have a lot of options in Scottsdale, it just depends on what you are looking to do.  Feel free to send me a message if you would like to discuss it further.