All Forum Posts by: Account Closed

Dmitriy, I already have access to such consulting if required through FundRaiseNet; the goal is to get additional insights from the response of others on the matter. There are CPAs and attorneys also on here.

You want to be aware of what the laws in Georgia say about single member LLCs and be aware of any difference in any protection given compared to a multi member LLC. That will also dictate what to include in the articles. Although a single member LLC can (if you know what you are doing) credibly withstand an attempt to get at the LLCs assets due to personal liabilities, Florida LLC law, especially when it concerns single member LLCs, is beyond hostile towards the single member LLC. Florida actually amended its LLC law in 2014 to ensure there are multiple ways to get at the LLCs assets for instance and in ways not common to Georgia.

So I recently heard an attorney go at it with a tax liability guru on this an figured I get some additional insights from some 'experts' on here. Here is the gist of the issue....

An investor decides to 'rent' a property he (or she) owns to a 501c3 organization. But, it turns out the investor is also the founder of the 501c3 entity and for IRS purposes is a disqualified person at the 501c3 organization.

The IRS actually attempts to define what rent is: ..."Rent is any amount you pay for the use of property you do not own... If you have or will receive equity in or title to the property, the rent is not deductible... many find this definition cryptic and unsatisfactory in some ways.

Question... can the investor 'legally' charge rent to the charity? Does the charity have a legitimate deductible rent expense? Any thoughts on this issue?

Try to keep the discussion civil. Insults are certainly useless - wont get you anywhere with me. If you were unclear about of what the message was, you should not be having the issue you described as a problem; Los Angeles or not.

I think you may have misunderstood... importing construction labor from South America is often utilized by some. The intent was to get some information from others on here who either have used that strategy or are aware of it - thought you had. 

Someone did mention on here somewhere about having to hire some labor on a probationary basis at $25 per hour with 40 hours per week guarantee. That to me is actually sort of the joke. 

I am always looking to hear of what schemes and compensation strategies are being used by some on here especially if they have a significant amount of remodeling projects to deal with in any particular year. 

Teams on the ground may be necessary. It seems properties in some areas of San Francisco are selling in excess of the listed price and properties often requiring moderate or extensive repairs are being bought at prices in excess of ARV. The economics of things in San Francisco is quite a challenge.

Could you clarify? I have heard of importing labor from Costa Rica for some construction and remodeling gigs. Any details exactly.. where do they camp for the duration of the project?

On the flip side of things, any rehabbers, local residents or investors care to share any information on what they are experiencing as the distressed property inventory level in San Francisco and San Jose? 

Housing prices typically readjust (or should theoretically), when prices get incredibly misaligned but it does vary with the specific market in question.

Within a 30 year horizon anything could happen but each market/region may have its own average housing price growth rate within the horizon examined.

Whatever the "average" growth rate in any area may be, that doesn't mean it was a "steady" growth though -- just what it averaged out to.