All Forum Posts by: Jerry Stanford

I'm not a pro by any means and would suggest speaking to an attorney and CPA about what you have and what you want to do. Here's my thought process...Each property should have it's own LLC for protection sake; this way if anything is levied against one property, the other properties will not be affected. If you're using a CA LLC, you will have to pay CA fees. If you use a NV corp, I've heard there is great asset protection but I have not seen it for myself and even then I would suggest using a separate one for each asset for better protection. The taxes will flow through to you in an LLC or S corp as personal income. C corp can help with the taxes but you will encounter other things with it like payroll taxes. That's my perspective but an attorney and/or CPA would probably be able to give you clearer options more suited to your individual needs and goals.

From my understanding, the only regulation is that a licensed person cannot pay a referral fee to someone who is unlicensed. I have not come across any prohibition for two unlicensed persons dealing with a referral from one to the other. 

Congrats @TAWANNA HENRY!! I am with Kale Realty and @Nick Patterson is the owner. Great people to work with...

Definitely Lou Malanati's...Bar Louie on Cumberland near Bryn Mawr is near the airport. Nice atmosphere, good food. 

Welcome to BP @Edouard Pierre!!

Agree with @John Underwood...There is usually another scavenger sale for properties that don't go on the annual tax sale but it is not advertised.  You would have to check with the county on when that one is taking place. 

Note that it is all a plan and may not pass the city council.  A tax hike that great, will be hard to pass as the city is VERY adverse to any property tax increase.  My opinion is it will not happen, at least not as the $500 million mark.  It may be just as the article says and will come down to a lower level, $200 million or so and be spread out over several years.  This will be an interesting play out.

@Joel C.... Good deal. I am familiar with the city. If you need any eyes and ears, feel free to contact me.

Got it...Thanx @Michael S.!!

Very nice @Kirk Berryman!!!