Anesi Apartments

NEW -> Contingent Buyer Assistance Program
yeah all the ones i know in irvine are rentals... the only ones for sale are in long beach and san pedro in LA... (so... no thanks)... so far the only ones i know for sale in OC are in anahiem (no thanks too)... inland empire riverside has some for sale (no thanks again)...
 
world chaos said:
u know fuck it this is jumping through hoops... ill just ask my retired house wife mom to power of attorney me and use her name to qualify.
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Reading this made me LOL. For authenticity's sake, you should go insane first. Stop bathing. Develop a split personality. Get irate and attack someone with an umbrella then shave your head a'la Britney Spears. This way your mom can put you on a 5150 hold at Hoag in Newport Beach. The judge will see the 5150 and give her power of attorney over your affairs. Not like I've given this any thought or anything.
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the reason this spiked my interest is i read an article earlier about woodbridge low income housing from about 10 years ago are being put into city council to petition for normalization to market value... if it passes, the ppl that have bought those woodbridge low income units can cash out on their very smart investments (irvine land appreciation compounded with the initial gov subsidy of more then 50% of the home compounded by low income mortgage rates)... it doesnt get any better then this... the catch is most likely ull be holding that property for 10 years or more (which im fine with) AND the possibility that the units never normalize to market rates... but i think in south OC the chance to normalize is high (at least compared to long beach n san pedro which is kinda in a state of perma-low income)... but even if it doesnt normalize, there is always the option to volunteer it back to uncle sam and have them rent it out for the 10 years while ur vesting (uncle sam cuts u a check every month and for some counties subsidizes u a bit for the maintenance)... regardless, im down if uncle sam is willing to subsidize me anything for land (let alone the los angeles norm of +55% from the get go)
 
haha me being asian... i should start wearing a 'i am not chris dorner shirt, please do not shoot at me'... or would it be funnier if i wore a 'i am chris dorner, please shoot at me' instead? definitely classify me asap as insane so fast city council wont even have time to blink... HELLO 5150!! :D!!! <jeremy lin immitation fist pump>


SoCal said:
world chaos said:
u know fuck it this is jumping through hoops... ill just ask my retired house wife mom to power of attorney me and use her name to qualify.
Click to expand...

Reading this made me LOL. For authenticity's sake, you should go insane first. Stop bathing. Develop a split personality. Get irate and attack someone with an umbrella then shave your head a'la Britney Spears. This way your mom can put you on a 5150 hold at Hoag in Newport Beach. The judge will see the 5150 and give her power of attorney over your affairs. Not like I've given this any thought or anything.
whistling2.gif
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i just talked to another friend of mine who runs a restaurant... he told me i dont even have to try that hard to think of ways to make adjustments... reminded me to just wait till obamacare kicks in n i need to match health care contributions or something... and just wait for congress for another month and payroll taxes gonna increase for sure... 8-12% earnings automatically gone...

=______= ;;;;;;;;;;;;;;;;;;;... dont even have to try and easily go low income... gotta love 'merica... uncle sams will do it for u...
 
world chaos said:
my bad, ill explain...  its an LLC, sole perp, so everything pass down to me... thats why i see any type of deductions as the same thing... i do import/export so things come in and out of the port of los angeles directly (USA warehouses hold my stuff and ship it out to asian clients when i want, so never comes to me and vis versa, taiwan/shanghai warehouses hold my stuff and ship it here direct to clients)... because office never sees the actual goods, it is considered interstate commerce, side step los angeles city business tax and sales/use tax... all i really pay are state and federal taxes passed through to my 1040... i do have to pay VAT occasionally though, but 90% of the time its the clients that pay it... the majority of my expenses is just stocking the office with office supplies and traveling... im pretty loyal to a few airlines, online booking sites, and online office supply stores anyways so i was thinking id just book a bunch of online credits/gift credits with extended expiration dates in advance and i can easily pay for future office supplies and traveling NOW for the next 3-4 years and have my 1040 at net 10-20k for that given year (im thinking this if they are looking for net income)... if that doesnt work i can always just have my relatives companies bill my clients instead and i can bill them for that additional income sometime later on after i qualify (im thinking this will be the alternative if they are looking at gross income)... im sure there is better ways to do this... but this just the top of my head... i still havent gotten over the max 3k... sigh..


qwerty said:
world chaos said:
not a problem... ill just hold off on some of my business supplies or stock up for the next 3-4 years in advance rather than do it quarterly... 35k is easy dude... if push comes to shove i think i can do 10k for 2 years... maybe even 3... just takes a bit of planning...

or do they look at gross business income and not net business?... if gross i might be fucked...
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now you are conflating (ive always wanted to use that word, not sure if did use it properly) two things, business income/loss and personal trading. I assume you dont own your own trading business/fund so therefore are two separate things. Although if your business is an LLC/S Corp the your business income/loss flows down to you.
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got it. yeah i dont think you can deduct your 90K of trading losses against your regular business income, which becomes your "ordinary" income - so you are stuck with your 3K per year.
 
yeah... the only way is usc's way... cash in on the good ones n use the earnings to cover... its the only way... i thought about this and maybe just rebuy the good ones later, just gotta be careful n allow some time to pass before buying agian so its not a wash sale...
 
hey guys what do u guys think about tustin?...
http://www.tustinca.org/departments/redev/documents/Housing/ReSaleUnits.pdf

seems like their system is a bit different then los angeles... their system is not money upfront but rather, hold for 45 years and get 200-300k for free...

The City will record a silent second mortgage on each unit.  The amount of the second
mortgage is the difference between the affordable sales price and the appraised value
of the unit.
o Example: If the affordable price is $200,000 and the appraised value is
$500,000, the City will record a second mortgage on the property in the
amount of $300,000.
o This second mortgage will remain on the property for the entire 45-year
period and may not be paid off.
o If at the end of the 45-year period the owner has not defaulted under the
terms of the affordable agreements, the amount due to the City is 5% of the
original second mortgage.  If the second mortgage was $300,000, the amount
due to the City would be $15,000.
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