All Forum Posts by: Mitch Kronowit
Mitch Kronowit has started 38 posts and replied 1726 times.
Post: What to wear to a local REIA meeting?

- SFR Investor
- Orange County, CA
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Originally posted by J Scott:
Originally posted by Mitch Kronowit:
Don't dress like you're heading to a beach volleyball game, unless you don't want to be taken seriously...
Or unless you have a beach volleyball game after the meeting!
True, but then I'll expect you to wear a suit and tie at a beach volleyball game if a real estate investor meeting shortly follows. ;-)
Post: Any pilots on BP?

- SFR Investor
- Orange County, CA
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I've been a pilot for over 2 decades. First 9 years in the US Navy flying E-2C "Hawkeyes" and instructing in the T-2C. Then hired at the airlines. I hold type ratings in Boeing 737, 757, 767, and Airbus 320 aircraft. Currently based out of LAX flying 737-500's, 700's, 800's, and 900's.
Post: What to wear to a local REIA meeting?

- SFR Investor
- Orange County, CA
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Business casual is best, unless it's really hot outside, then clean preppy shorts and a polo shirt is fine.
Don't dress like you're heading to a beach volleyball game, unless you don't want to be taken seriously, and don't dress like this fellow unless you want to get mobbed by every wholesaler in the room. ;-)
Post: LLC or sole prop

- SFR Investor
- Orange County, CA
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Originally posted by Wayne G.:
http://marylandcommercialtitle.com/blog/wp-content/uploads/2011/05/2010-hit-parade-speech.pdf
Yikes. If this is where our national court system is heading, I'm off to Costa Rica. There's either much more to this story, it got thrown on its a$$ in appeal, or there's simply no defense against a plaintiff trotting out a sick child.
I'd like to hear what some legal experts think of this case. If lien-holders are next in line to be sued because of what happens with or on the property their loan is secured by, this country is going to implode quickly.
Post: LLC or sole prop

- SFR Investor
- Orange County, CA
- Posts 1,906
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Originally posted by Terry P.:
Not here in California. The Secretary of State doesn't have my name, address, or phone number on ANY documents relating to my LLC because I appointed a "manager". They have my manager's and resident agent's info, not mine.
That's another reason I like conducting business through an LLC. Even though not perfect, it does offer a certain degree of privacy and separation.
Post: 3-day notice conflicting with 30-day notice?

- SFR Investor
- Orange County, CA
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That's a good question. My thinking is serve the 3-day notice to pay or quit first. If they don't pay, they'll get evicted precluding the need for the 30-day notice. IOW, evicting them is pretty much telling them you wish to end their tenancy!
If they do pay, then serve the 30-day notice. It's a way of saying, "Thanks, but we're done with you now".
Post: Land trust costs

- SFR Investor
- Orange County, CA
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My limited experience is roughly $1,000 per entity.
Post: 2 Year Rule for Capital Gains on Rental Prop

- SFR Investor
- Orange County, CA
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I never heard about the exemption being prorated. I thought it was either all or nothing. Interesting if true because it would soften that 2 year drop dead time.
Post: Higgs Boson Found (Particle that Explains Gravity)

- SFR Investor
- Orange County, CA
- Posts 1,906
- Votes 1,396
Originally posted by John M.:
Wow, that's equates to whole lotta energy, especially in my case.
Post: VA Vendee Lender

- SFR Investor
- Orange County, CA
- Posts 1,906
- Votes 1,396
Originally posted by Mike Cartwright:
Equator.com still works for me. However, there isn't any phone number to call as before.