All Forum Posts by: Gloria Grotjan

I can so relate to this huge flip loss due to an unlicensed contractor (that my business partner hired!!) I hope you report him to the CSLB which is what I did but its been a slow moving process especially with Covid going on. It is currently in the Superior Court system and I've filed a claim but dont know if I'll ever see any money back. I just dont want anyone else to be taken advantage by this jerk. Hope you file a claim.

@Vic Valera

Thanks I will give you a call 

@Joel F.  if you find a reliable property mgmt company in Jackson please let me know.  Many do not like to manage South Jackson properties because of the crime.

Looking for real estate attorney referral in Dallas TX area that works with investors and can help with mediating situation where investment funds are in default. Appreciate the assistance.

@Roberto Moita interested in finding out more information about investing in Bakersfield. Will message you

Urgent! Looking for property management contact in Jackson...... current mgmt not doing good job of finding stable tenants and have had AC units stolen twice now. Not in a great area to begin with but need to make a change. Please advise via PM.

Thanks

I was looking for gap funders when I ran across your post.....second position is always risky but it sounds like you've been working with this investor and he has a good track record.  The posts I see on other RE websites for second position loans are anywhere from 10-12% and 1-2 points.  Hope this is helpful.

Thanks Tristan, Tony and Sabrina for your feedback.

Need help and advice! I have had a single family home rental in Memphis since 2011 and never had a tax issue. I am an out of state investor. My LLC was recently revoked and put into inactive status because TN Dept of Revenue says I need to file a County and Business Tax Return. I need to provide a tax clearance letter in order to get a reinstatement certificate for my LLC. I need to understand what is involved in filing this and if this is something I can do myself or need to get a CPA or attorney involved? Trying to figure out least costly approach in resolving this. Any input much appreciated.

Thank you Zach, Mike and James for your replies........all good comments and points to consider. Especially appreciate detailed reply from James regarding the sales tax and ACH withdrawals.