All Forum Posts by: Marcos De la Cruz
Marcos De la Cruz has started 18 posts and replied 84 times.
Post: Anyone have experience with Rent To Retirement?
- Investor
- Huntington Beach, CA
- Posts 85
- Votes 32
Thanks, I'll check them out.
Post: Paying $800/yr per LLC in CA for out of state rentals
- Investor
- Huntington Beach, CA
- Posts 85
- Votes 32
I've lived in Houston and McAllen, TX and visited FL. I detest the heat and humidity, so no, in my opinion, those states do not have great weather.
Depends on what you like.
Post: Paying $800/yr per LLC in CA for out of state rentals
- Investor
- Huntington Beach, CA
- Posts 85
- Votes 32
Post: Paying $800/yr per LLC in CA for out of state rentals
- Investor
- Huntington Beach, CA
- Posts 85
- Votes 32
Quote from @Ken M.:
Quote from @Michael Plaks:
I have heard this claim before, but California-based attorneys who work with my clients do not agree with it. Did Clint offer any substantiation for his claim, like a code citation or a court case?
When we moved from Seattle to Arizona, California placed a lien on us, even though we had never done business in California, had no properties in California, had never lived in California, had no LLCs in, near, above, below or even thinking about being in California.
I called, they wouldn't remove the lien (board of equalization or something like that) until I could prove it wasn't me. How does one even do that? How do you prove a negative?
I believed the hype "innocent until proven guilty". Nope, that is not true in California.
So, from then on, no thought of even doing business California. Why would I subject myself to King George all over again. My people left him in the dust back in 1776. Apparently he moved to California.
Don't get me started. The best thing about CA is the weather. And it is glorious, but everything else is atrocious.
Post: Anyone have experience with Rent To Retirement?
- Investor
- Huntington Beach, CA
- Posts 85
- Votes 32
Yes, I always do my own underwriting. Thanks for the reply.
Post: Anyone have experience with Rent To Retirement?
- Investor
- Huntington Beach, CA
- Posts 85
- Votes 32
Rent to Retirement supposedly has cash-flowing properties for sale.
Has anyone invested with this company?
Thanks.
Post: Paying $800/yr per LLC in CA for out of state rentals
- Investor
- Huntington Beach, CA
- Posts 85
- Votes 32
Yeah, we even pay more for car registration.
Post: Paying $800/yr per LLC in CA for out of state rentals
- Investor
- Huntington Beach, CA
- Posts 85
- Votes 32
No, he did not. Thanks for the reply.
Post: Paying $800/yr per LLC in CA for out of state rentals
- Investor
- Huntington Beach, CA
- Posts 85
- Votes 32
Clint Coons, Esq. claims that if you hold title to an out-of-state property in an out-of-state LLC held by a Wyoming Statutory Trust, you
can avoid the $800/yr per LLC that we have to pay as CA residents.
Can anyone verify this?
Thanks.
Post: Anyone have experience with Section 8?
- Investor
- Huntington Beach, CA
- Posts 85
- Votes 32
Good to know. Thanks.