All Forum Posts by: Toan Pham

Thanks @Patrick Desjardins. I guess when I say "too good to be true" i was comparing it to traditional vehicles like bonds but I guess that's not a fair comparison.

I'm looking to diversify my parent's limited retirement accounts into lower risk investments. They are mostly in ETFs at the moment and I'm worried any losses early in their retirement would really hamper their finances in the later half of their retirement.

Hi BP,

I came across this company (link below) while looking for some lower risk investments. They are promising 6%-9% on promissory notes backed by their RE projects and it looks a little too good to be true. Does anyone have any insight on this business model? It theoretically makes sense if their holdings are delivering returns as high as they claim. I'm new to investing in debt but what should I be on the lookout for? I don't think they are registered with the SEC and am not 100% sure how the note would be structured. If this should be posted in another forum, let me know.

Thanks in advance.

https://slinvestmentgroup.com/what-we-do/short-ter...

Thanks for the input. I plan on eventually acquiring multiple properties and by then I plan on having umbrella and an LLC but this question pertains more to how to go about with just a single property.

I've looked into that as well but CA law says that if you're doing business in CA as a foreign LLC, you have to file as a foreign corporation doing business in CA and pay CA state taxes on top of your out of state LLC fees.

Thanks everyone for the info and links. Feel free to keep it coming though haha

 Thanks for the response. And yeah I understand that. I was just wondering what other people's experiences have been and why they chose one way over the other.

I know the general consensus is that you should have an LLC for protection but I was wondering if anyone decided to forego an LLC (for maybe an umbrella policy) when they had a single property? I'm in California so LLC fees are $800 annually I believe, not to mention any associated lawyer fees to set it up. Does anyone have experience with an alternate route when they had a single property? I know an umbrella policy has a lot of risks as well and could be just as costly but I'm just trying to explore as many routes as I can.

Has anyone had any experience using Legal Zoom's subscription service? linked here

http://www.legalzoom.com/attorneys/legal-plans/bus...

I was thinking about signing up to have super basic business formation questions answered. I realize they work with different lawyers in different regions but was just wondering if anyone had their own stories to share. Thanks all.

@Kris Haskins Could I also get a copy of that JV document?

Kind of late to the game but I just listened to this podcast and was wondering if someone could clear something up for me.

Around the 54 minute mark, the topic of multi-member LLC taxation comes up. I had always thought that even multi-member LLCs are pass through entities and no taxes are levied at the LLC level even though you do have to file form 1065 to report earnings. Is the podcast just referring to annual fees/taxes associated with the existence of the LLC itself or is there some tax levied on income at the LLC level as well?