All Forum Posts by: Chet Mazur
Chet Mazur has started 24 posts and replied 255 times.
Post: Deeded condo parking space marked "Handicapped"

- Flipper
- Cupertino, CA
- Posts 265
- Votes 27
I had the curb blue-tipped at my house in LA. I visited the property about 6 mo after selling it, and the handicap designation was gone.
I don't know if the owners did it themselves or went thru the city. When I requested it, it took near an act of god to get it approved. As I recall that was thru public work or the traffic dept.
As a practical note, who is going to be policing the condo garage for parking violators, unless there is a find the HOA can impose.
Post: Getting Busted in Ohio for Wholesaling and Praticing RE without a License

- Flipper
- Cupertino, CA
- Posts 265
- Votes 27
not say loop holes that aren't my friend... I was going to siffed a finders. Amazingly the dept. real estate law were quite clear
Is you don't do X,Y or Z you area ok to be a finder, if you do any of these prohibited acts, you much have a broker license and you busted.
Post: Yes, Californians, you have to register your non-CA LLC with CA.

- Flipper
- Cupertino, CA
- Posts 265
- Votes 27
Isn't that the point? If it is a DE llc that owns property in TX, and is owned by a CA investor, but the investor never brings the proceeds (nor manages, nor writes checks...) of the LLC back into CA. The $$$ sits in a DE bank waiting for the next investment.
The LLC is not doing business in CA, doesn't need to pay $800 nor LLC tax. It's been a while so I may not be remembering correctly.
Post: What route did you take?

- Flipper
- Cupertino, CA
- Posts 265
- Votes 27
My broker pitched me a duplex owned by a guy that passed. Neither child wanted the property so they sold it.
Post: Use 1 or Multiple Agents?

- Flipper
- Cupertino, CA
- Posts 265
- Votes 27
I said... "use listing agents only.", which is 180 from what I meant. Have a buyers rep.
Post: Use 1 or Multiple Agents?

- Flipper
- Cupertino, CA
- Posts 265
- Votes 27
If the area are way far apart, say Long Beach v. LAX area I would different reps for each area.
I like to use the same to:
build a rapport
access to pocket listing
get discount
etc.
Post: Use 1 or Multiple Agents?

- Flipper
- Cupertino, CA
- Posts 265
- Votes 27
Originally posted by @George P.:
use listing agents only. you get the best insight of the property they are listing.
no discussion needed.
But there have the double dip motivation on the commissions.
Post: Yes, Californians, you have to register your non-CA LLC with CA.

- Flipper
- Cupertino, CA
- Posts 265
- Votes 27
It's my understand if don't bring profit back into CA, do don't have to pay. IMHO 800 isn't the bigger deal, it's the LLC tax.
Post: Getting Started...HELP

- Flipper
- Cupertino, CA
- Posts 265
- Votes 27
Does doing home stagings or interior design as part of a rehab interest you at all
Post: Newbie in Sunnyvale California

- Flipper
- Cupertino, CA
- Posts 265
- Votes 27
Down the road in cupertino. Are you set on a strategy (fip & hold, fix and flip, etc.
Can you comment on why passive income is you goal rather than a couple home runs, ala the turtle & the hare.