by Phyllis Rockower | Feb 11, 2016 | Uncategorized
Franchise tax board will withhold 3 1/3 % of the gross sales price no matter what your % in the deal with a partner if you don’t have an llc or corp. This recently happened to my “partner” in the deal. He refused to listen to me and paid the penalty....
by Phyllis Rockower | Feb 10, 2016 | Uncategorized
LEARN THE RULES BEFORE YOU ATTEND… Having run a real estate club since 1994 with lots of members and having attended 50 or more other clubs, I have a few observations and insights. If you want to get the most out of a real estate club, follow these 5...
by Phyllis Rockower | Feb 2, 2016 | Uncategorized
Forecasts are better for real estate. Stock markets are not supposed to be as rosy as they have been for this decade. According to history returns for stocks should do no better than 3 to 4 %. Bonds? That is not even worth the risk. That’s why real estate is so...
by Phyllis Rockower | Jan 30, 2016 | Uncategorized
But no money yet. My “partner” would not listen to me and get an llc so there has to be a 3% withholding. That is complicated since my part is not taxed. What a pain. He deserves to wait 16 months to get his money for being...
by Phyllis Rockower | Jan 29, 2016 | Uncategorized
He called me and wanted to know how I bought the property so cheap. I gave him a few details but balked when he wanted to get in. I ignored his calls. So he was upset and decided to send me a supplemental bill. Can he do that? I think I will call legalshield to find...
