All Forum Posts by: Umesh Chokshi

 Thanks Greg. I will check with them soon.

 We are donating to the Hindu temple, based on our personal preference.

Thanks everyone for your guidance. Let me explore on strategy based on your guidance,

 Did not get any email from you so far.

Hello Everyone,
My wife and I are owning one residential investment property which was purchased for around $500K, 7 years back. Now the property is worth $1,2Millions.
We are planning to donate this property as now it has become debt free and is with clear title. I need your help. What steps and precautions should we need to take to facilitate this transaction?

If there is anyone who is a practicing tax Consultant, we would like to have one on one call and ready to pay for the services.

Thanks

Hello,

I am a licensed Mortgage Loan officer for the last 10 years. I am planning to open my own Mortgage Broker shop. As I have no previous experience on how to get a mortgage broker license, I am looking for professional, paid help. Does anyone have idea who can be providing such services?

Thanks in advance,

Umesh Chokshi

JD,

Thanx for your prompt response. I was also thinking in the same line as you but got it validated by you.

Thnx.

Hello Bigger Pocket Members,

My name is Umesh and I am a real estate investor in NC.

My wife and I own a Marriott timeshare in Las Vegas. We bought this about 13 years ago. We are trying to sell it but not getting even 25% of our original price paid. We keep getting yearly maintenance charges of $1400 per year.

We are willing to let it go and do not want to pay any maintenance charges anymore.

My question is if we do not pay Maintenance charges, would Marriott create Lien and eventually take the ownership of the property by writing it off?

Will our this step create any damage to our other properties and our credit history?

We are open for any alternative suggestions but we want to get rid of the bleeding Marriott property.

Thanks

Umesh Chokshi

Hello,

I have a timeshare with Marriott in Las Vegas and I want to sell it. We tried various ways but no luck.

Has anyone done so in the past?

Thanks,

Umesh

Hello Guys,

I have new development. We are ready to write LOI for replacement property. As discussed earlier, relinquished residential properties were in the name of husband and wife and now we are creating two Disregarded LLCs for each of us. SO when we write LOI for replacement commercial property, should we write name of owned LLC along with each buyer's name? This is so confusing and any clarity from you would help this complicated process.

Thanks,

Umesh