All Forum Posts by: Rick Snow

Disclaimer: Always seek legal advice from an attorney! 

That being said. Your attorney can usually create your LLC for around $800. Your State will charge about $200 and the Franchise Tax Board will usually prorate the annual fee of $800.

You can postpone the $800 annual fee by registering after December 17th.

You can also use LegalZoom for about $300 and use LegalZoom as your Agent of Service. LegalZoom is cheap and convenient but you might run into issue obtaining title insurance if any of your Managing Members require their name be put on title. 

I have a great attorney who is also a CPA. I can give you his information if you PM me. He can walk you through the entire process and take care of you if you ever have any issues with a partner or with obtaining title insurance. 

Hope it helped. 

Good luck. 

Rick 

Happy Holidays BP! 

I am currently seeking 50-100 units in the Sacramento Metro, Reno, Central Valley and Southern California Markets.  Cash buyer (some financing on larger deals) Quick close! 

Please call me directly for hot deals at (916)-900-6659 or email me at [email protected] 

Must be able to provide financials on the asset. 

Best regards, 

Rick

Hi Joseph. 

To answer your question about A/B neighborhoods in Sacramento. Google the "Pocket/Greenhaven, Land Park, Oak Park, Midtown, the 40s, East Sac, Elmhurst District, Elk Grove and Roseville, Rocklin"  Those are the nicest areas in the greater Sacramento Metro Market.  I'm sure you can find properties and make the numbers work. 

I personally live in one of those area. If you need help putting eyes on a property just let me know. 

Good luck on your hunt. 

Rick 

@Jensen. Thanks for sharing! Do you get leads like this often? 

Thanks @Jeff B. 

THANK YOU @P.J. Bremner!!! 

That helped ALOT!!! 

Rick 

Thanks Brandon. If it were a violent death the Citys forensics team would have cleaned and decontaminated the area. I am still waiting on the details. We are UC and have time to determine if we are interested in closing on the building. 

The remodel was my idea. If I were a tenant I would be more inclined to rent the unit if it were remodeled.  I'm not superstitious but some cultures are... About death. 

Thanks for writing in, Brandon. I'll consider your answer and absolute Yes. 

Rick

If there's a death in one of your multi family units, can you rent it out again?

Details: If there's a death in one of my SFR's I dislose it in the TDS - ALWAYS - California Law. Can any Realtor/CCIM familiar with C.A.R / N.A. R. law confirm if disclosing a death is required for a multifamily that is 16 units or more? 

Here are the variables. Right now the unit is locked under "Notice by the City". I am still waiting on the police report. I don't know if it was a violent crime or natural causes.  

My plan is either: 

A) Resolve the issue with the City. Lock the unit and never rent it again. 

B) Resolve the issue with the City. Completely remodel the unit and rent it out again sans disclosure or 

C) Resolve the issue with the City. Remodel the unit. Rent it out again and disclose the death 

or 

D) Resolve the issue with the City. Remodel the unit. Disclose the death and offer concessions. 

I'm looking for a simple yes, or no (if I can still rent this thing out) but please feel free to explain your answer.  

Thanks everyone! 

Rick 

It does. Let's get a call scheduled. Add me as a colleague on BP and PM me your schedule. Rick

Hey Shaune. 

I'm open to the idea of sharing my knowledge and experience with you. I help you and hopefully you can help me, down the road. 

Add me as a colleague on BP and email me your schedule. Lets schedule a time to discuss your goals and get you on the right trajectory. 

Strength in numbers.

Rick