Paramount Chamber 4th
Poker Tournament Winners
The Paramount Chamber recently held its fourth successful poker tournament. Nearly 100 players participated in the event co-sponsored by Dusk to Dawn Urgent Care and SC Fuels. Dinner was provided courtesy of Alondra Hot Wings, and Friendly Hills Country Club donated a foursome to the “Putt for Poker” contest.
First place winner Frank Garcia claimed the $1,000 American Express gift card donated by Northgate Gonzalez Market, second place went to Valerie Mendoza who took home a 49” Hitachi TV donated by Marukan Vinegar USA, and 3rd place winner Eddie Marquez will be flying high in a P51Mustang courtesy of ACE Clearwater.
The tournament is a fundraiser for the Paramount Chamber of Commerce whose mission is to promote economic growth in the City of Paramount, proceeds help the chamber provide services to the business community including free business counseling and workshops for growing a business.
Paramount Chamber President, Brenda Olmos said, “The Poker Tournament is a really fun event; I was glad to



see so many residents participate. On behalf of the chamber I also want to thank the businesses who sponsored the event and those who donated prizes for the tournament winners.”
Years & Counting






Become a Thanksgiving Sponsor
A fine way to honor the hundreds of Paramount seniors in our community who come together for the Thanksgiving event is to be a sponsor that day.
If you would like to be a part of this tradition by taking advantage of sponsorship opportunities, please contact (562) 220-2090.
Second Youth Commission Formed
The Paramount Youth Commission is an advisory board that helps City staff stay in touch with the needs and opinions of Paramount’s young people. At the same time, the Commission offers these students options related to community service, whether it’s through the City or a volunteer service club, and teaches them about programs and resources available to them. The members also gain knowledge about the different functions of a municipal government and learn leadership skills.
This voice for Paramount’s high school students has 16 unpaid volunteers in grades 9 through 12, either enrolled at Paramount High or a non-PUSD private school. The
newest Commission (which includes two students from St. John Bosco and 14 from Paramount High) were introduced at the September 5 Paramount City Council meeting. (You can see a photo from the meeting on page 5 of the Pulse Beat.) The current members are: Angel Macias, Armando Torres, Ethan Persi, Karla Navarro, Karla Rodriguez, Angie Vasquez, Michelle Lizarraga, Miriam Mercado, Eduardo Carranza, Jocelyn Pena, Stephanie Garcia, Alexa Medina, Jaleen Perez, Derick Salladay, Kiana Ceballos, and Jaqueline Lopez.
Get Your Tickets For The Seniors Thanksgiving Dinner
Here’s an early reminder to mark Thursday, November 16 on your calendar for the annual Seniors Thanksgiving Dinner. It takes place from 10 a.m. to 1 p.m. in the Paramount Park gym.
This is a great event that has been going on for decades and always provides moments of fun and friendship, a chance for folks to visit and catch up, all while sharing a delicious meal.
Those attending are served by local service clubs, City staff, and youth from Paramount High School.
In order to attend you need to have a ticket. Tickets will be available at the Paramount Park Community Center for Paramount residents starting October 16 for free and for non-residents beginning November 1 at a cost of $3.25 each.
For more information, please call (562) 220-2090.
Have a Burrito and Support the Women’s Club
On Thursday, October 19, stop by the Chipotle at 15754 Paramount Blvd. in

Clearwater Crossing between 3:00 p.m. and 8:00 p.m. and help fund the good work of the Paramount Women’s Club. Tell the cashier when placing your order that you are supporting the Women’s Club; 50% of your bill will be donated to the organization.
The Women’s Club is legendary in Paramount. They have provided valuable services to our residents for more than 90 years, starting in 1926. They help folks at Christmas, give scholarships to local students, and volunteer at the Library.
So come out to Chipotle and make a difference in Paramount.
Ongoing Nutrition Programs for Seniors
While Thanksgiving, of course, is an annual celebration, the City of Paramount offers appetizing and well-balanced meals for seniors ages 60 and over throughout the year. Affordable lunches are served Monday through Friday at noon at the Paramount Park Community Center.
Suggested donation is $2.25. Transportation to and from the Center is available. For registration and other information, please call (562) 220-2090.
For homebound seniors, meals can be delivered right to their residence. An application is needed for this service. For more information, call Human Services Association (HSA) at (562) 806-5400, ext. 272. There is a suggested donation of $2.50
“If your
actions inspire
per meal, but no one is refused because of an inability to pay.
More New Restaurants Opening
Two unique Southern California dining chains have signed contracts to open at Clearwater Crossing, the Alondra and Paramount center where The Habit, Waba Grill, and Chipotle have been serving the community for months now.
The Stinkin’ Crawfish will fill one end of the new building featuring quality Cajun seafood, a full bar, and an indoor/outdoor patio.
The Pizza Press will also join the other restaurants with delicious new pizza creations, old classics, and the chance to create your very own pizza, prepared right in front of you. The Roaring Twenties décor is complete with quirky newspapers from yesteryear. The Pizza Press also has salads, desserts, and craft beers.
Construction is projected to start in late October, with both restaurants looking to open by May of 2018.
Another very exciting restaurant coming to town will inhabit the former La Tierra Mia location on Rosecrans near the high school. La Diosa de los Moles will be operated by Rocio Camacho, whose recipes and other restaurants have brought her wide acclaim in the Los Angeles “foodie” scene.
And Hambone’s BBQ will be expanding its reach and opening soon in the former pupuseria on Paramount Blvd. near the 9th grade campus.
others to dream more, learn more, do more and become more, you are a leader.”
-John Quincy Adams

Talking or Texting on Cell Phones
While Driving – Not Worth It
Burglary Prevention Tips for Businesses
There are plenty of facts, figures, and details about distracted driving, but the California Office of Traffic Safety wants you to know the plain and simple ones:
• If something falls to the floor, pull over before trying to reach it.
The Paramount Public Safety Department offers the following ideas for all businesses in town.
Cash Register: Do not leave cash inside the register after closing. Leave it open and empty after closing.
• 80 percent of vehicle crashes involve some sort of driver inattention.
• Up to 6,000 people nationwide are killed in crashes where driver distractions are involved.
• Talking on a cell phone or texting is the number one source of driver distractions.
Project LEAD Sending Positive Message to Paramount Fifth Graders
Alarms: Install a good alarm system. It will usually include one or more of the following components: magnetic contacts on doors and windows; photocell or pressure sensors with annunciators at unlocked or open doors; heat or motion detectors in interior spaces; glass break detectors; keypads with a means of checking the status of the system; and audible alarms. Keep in mind, too, that the City of Paramount and the Los Angeles County Sheriff’s Department will not impose a fee for accidental alarm activations.
• Texting takes your eyes off the road for an average of five seconds, long enough to travel the length of a football field at 55 mph. Most crashes happen with less than three seconds reaction time.
Paramount has its own dedicated District Attorney – Kelly Tatman – who works out of the Sheriff’s Station. Her duties include making sure that criminal investigations and prosecutions in town receive full attention and don’t fall through the cracks at the larger County D.A.’s Office.
Lighting: Illuminate all external areas of your property at night, especially parking lots and storage yards. And leave a few interior lights on in the back of the store or office where they may illuminate and silhouette intruders but not create glare for passing patrol cars.
Surveillance Cameras: Criminals may be deterred from committing a crime if they know that their actions are recorded on a camera.
Signs: Signs should be posted to prohibit trespassing, loitering, unauthorized parking, and other crimes and misconduct.
• The act of talking on a cell phone, even hands free, can give you “inattention blindness,” where your brain isn’t seeing what’s right in front of you. You aren’t even aware that you are driving impaired. If you think you can handle both driving and talking on a cell phone or texting, you are kidding yourself and putting us all at risk.
Tatman has been visiting a class of 36 students at Jefferson School as part of Project LEAD. The program, which goes into the classroom once a week for 20 weeks during the school year, uses volunteers like Tatman from the D.A.’s Office to teach fifth-graders about the law and help them recognize the social and legal consequences of criminal behavior.
Property Condition: Keep your property in good condition. Criminals are attracted to property in poor condition because it shows that the owners or tenants don’t care about it.
Distracted driving is anything that takes your eyes or mind off the road or your hands off the steering wheel – especially texting and cell phone use, whether hands-free or handheld. Who’s doing it? Most of us. It has been estimated that, at any one time, more than 10 percent of drivers are using a mobile device.
Sadly, too many young people first become acquainted with the justice system as delinquents. Project LEAD is designed to avoid that scenario.
Security Guards: Consider employing well-trained, highly visible security guards. Uniformed security guards that patrol the business on foot can be highly effective in deterring robberies and burglaries. Make sure that the guards are from a licensed and insured company. The guards should be licensed, as well.
All business partners in the City of Paramount are highly encouraged to place a call for service with the Paramount Sheriff’s Station if the need shall arise. Dial 911 for emergencies. Dial the 24-hour dispatch at (562) 623-3500 for nonemergent services.
A ticket for $159 for texting or talking on a cell phone is a major distraction to your wallet.
For any questions, please call the Public Safety Department at (562) 220-2002.
What can you do? Most important, obey the law. It’s there for a reason. Also, do your best to eliminate distractions:
Protecting Your Vehicle
• Never text and drive.
The class from Jefferson recently went on a field trip to the Museum of Tolerance. (They will also go to a local courthouse). In addition, Project LEAD’s curriculum includes speakers connected to the criminal justice system and a mock trial involving either drug selling or gun possession on campus. Students are assigned roles and argue a criminal case to a jury consisting of other students. Teachers and parents attend, too.
Auto theft has been an ongoing problem regionally. Here are some ideas on how to protect your vehicle.
• Don’t leave your keys in your car.
• Turn off your phone when you get behind the wheel.
• Park in well-lit areas.
• Don’t text or call someone when you know they are likely to be driving.
At the end of the program, the kids will participate in a graduation ceremony and receive a certificate of completion from the D.A.’s Office at a meeting of the Paramount Public Safety Commission.
• Keep your car in a garage if you have one.
• Make a pact with your family, spouse, and caregivers never to use the phone with kids in the car.
Summer Vacation Home Checks
• (And if your garage is too full of storage to park your car, it might be a good time to consider a clean out.)

• No eating or drinking while driving.
• When parking your car, turn your wheels toward the curb to make it more difficult for a thief to “tow” it.
• Don’t program your GPS, MP3 player, or other devices while driving.
• Use your emergency brake when you park.
• Pull over and stop to read maps.
• No grooming.
With summertime approaching, remember that if you’re going out of town for an extended period of time, you can schedule a home check.
• Control your keys. Keep your car keys and house keys on separate rings. Never have an identification tag such as a miniature license plate or name plate on your key ring. Never hide an extra key in or on the car.
• No reading.
• No watching videos.
• Try not to get too involved with pas
Paramount residents can contact the Sheriff’s Station about having Volunteers on Patrol keep an eye on your home or property while you’re gone.
Call (562) 220-2002 to ask about vaca




Youth Commissioners Introduced

The City of Paramount’s Youth Commission was established last year to provide a voice for local high school students and engage young people in the community, teach them leadership skills, and help them learn about available programs and resources. The Youth Commission has 16 unpaid volunteer students in grades 9 through 12, either enrolled at Paramount High School or a non-PUSD private school. The newest Commission members (which includes two students from St. John Bosco and 14 from Paramount High) were introduced at the September 5 Paramount City Council meeting.
Employees Recognized for Quick Actions

Two Paramount employees – Lifeguard Benjamin Aguirre-Lopez and Senior Lifeguard Elizabeth Cossio – were recognized at the September 5 City Council meeting for their actions to help a youngster at the City swimming pool this summer. A resident rushed into the pool office with her one-year-old son who was choking. Benjamin was joined by Elizabeth and they immediately activated the Emergency Action Plan, which all swimming pool staff members are trained in extensively. After life-saving measures were taken, the child’s airway was cleared, he was able to breathe again, and a potential tragedy was averted. From left: Councilmember Tom Hansen, Councilmember Laurie Guillen, Aguirre-Lopez, Cossio, Mayor Peggy Lemons, Vice Mayor Diane J. Martinez, and Councilmember Daryl Hofmeyer.
Paramount Company Honored

AMECO Solar, Inc. was recognized at the September 5 Paramount City Council meeting for receiving State Senator Ricardo Lara’s Excellence in the 33rd Award, which honors community leaders, businesses, and non-profits in his district. The Paramount company has been a pioneer in the solar industry since 1974. Representing AMECO Solar were Patrick Redgate, Cheryl Redgate, and Alex Deeter. The City Council, from left: Councilmember Tom Hansen, Councilmember Laurie Guillen, Mayor Peggy Lemons, Vice Mayor Diane J. Martinez, and Councilmember Daryl Hofmeyer.
Military Banners Retired
At its September 5 meeting, the Paramount City Council honored four residents who had been recognized for their military service on the “boulevard of Heroes.” each has ended their tour of duty and their street banners were retired and presented to the individual and/or their families.





PUSD to Hold “Quartermania” Fundraiser for PEP Scholarships
The Paramount Unified School District will be holding a “Quartermania” fundraiser for the Paramount Education Partnership (PEP) college scholarship program on Wednesday, October 11, at the Paramount High School Gymnasium, 14429 Downey Ave.
Quartermania is a cross between an auction and a raffle, where you “bid” quarters to win a prize of goods. Vendors are also available to sell products.
Tickets to enter for the event are $15, with an optional $5 dinner ticket. Doors open for pre-shopping at 5:15 p.m. Dinner is at 6:00 p.m. and the auction starts at 7:00 p.m.
For information on Quartermania, visit www.qmfundraising.com.
Bring your quarters to support collegebound Paramount students, and have a fun evening, to boot.
The College Board – Great Resource for Students and Families
The College Board is a mission-driven, not-for-profit organization that connects students to college success and opportunity.
Founded in 1900, the College Board was created to expand access to higher education. Today, the membership association is made up of over 6,000 of the world’s leading educational institutions and is dedicated to promoting excellence and equity in education.
Each year, the College Board helps more than seven million students prepare for a successful transition to college through programs and services in college readiness and college success — including the SAT and the Advanced Placement Program. The organization also serves the education community through research and advocacy on
behalf of students, educators, and schools. Its website – www.collegeboard.org – is a treasure trove of information and resources.
You can, for instance, look for college scholarships, other financial aid, and internships from more than 2,200 programs totaling nearly $6 billion on the College Board’s website. Scholarship information is based on the College Board’s Annual Survey of Financial Aid Programs.
It also has a portal to fill out the FAFSA, which every college student needs to do to qualify for financial aid.
What is the FAFSA?
The Free Application for Federal Student Aid (FAFSA) is the ticket to federal money for college and many other types of scholarships.
The FAFSA is the form that families fill out to apply for federal grants, loans, and work-study funds for college students. It is administered by the U.S. Department of Education, which provides more than $150 billion in student aid each year.
Your eligibility for federal grants (which don’t have to be repaid) and federal loans (which do have to be repaid) will generally be based on your financial need, as determined by the information you supply on your FAFSA.
Most colleges, state scholarship agencies, and foundations use the FAFSA in deciding who gets their scholarship money, as well as how much each student will receive. Also, filing a FAFSA automatically qualifies you for low-cost federal student loans of at least $5,500 a year.
You can find out more about the FAFSA, including the deadlines for completing it, at www.studentaid.ed.gov/sa.



GRAND







Compton College Programs Open Doors and Pave the Way to UC Berkeley for Parent
At the age of 17, Noemi Reyes’ life was transformed when she became a mother of a beautiful baby boy. In that instant she realized she needed to lay a strong foundation for her future and be a role model to her son, despite obstacles she would inevitably face as a teen mom.
Reyes knew that higher education was the answer, but she first had to address a couple of barriers that were holding her back. She had completed high school through Attended Opportunities for Learning, a home-study program, and was nervous about making the transition from homeschool to college. In addition, she struggled to find the affordable and flexible childcare she would need as a student-parent.
Compton College became Reyes’ springboard to success. Compton College’s programs and resources provided the support she was looking for to obtain an associate degree and transfer. She initially joined the First Year Experience (FYE) program. “FYE assists first-time college students and was instrumental in encouraging me to go further and take that extra step,” says Reyes. The FYE program coordinator also helped Reyes enroll her son in on-campus childcare, as well as make an educational plan for her future at Compton College and beyond.
Another important resource for Reyes was Extended Opportunities and Program Services (EOPS), which offers supplemental services to student-parents via the Cooperative Agencies Resources for Education (CARE) program. EOPS/CARE eased the burden of Reyes’ financial worries by providing extra funds for books and supplies.
Having an interest in math and science, Reyes was introduced to the Mathematics Engineering Science Achievement (MESA) program at Compton College. Joining MESA was perhaps most pivotal in helping Reyes reach her academic and transfer goals. Through Compton College’s MESA center, she received tutoring, academic and professional advising as well as life skills

training, all of which contributed to the positive learning experience she had in her math, science and engineering courses. While all of this support benefitted her as a student, it also helped her as a mother by helping Reyes learn the importance of self-confidence, a lesson she hopes to pass down to her son. Reyes’ newfound confidence led to a prestigious internship and scholarship through NASA Jet Propulsion Laboratory (JPL), in addition to acceptance letters from University of California Irvine, Los Angeles, Davis and Berkeley. Upon graduation with an associate degree from Compton College in June 2017, she ultimately decided that UC Berkeley was the best choice for her and her son. “UC Berkeley’s Student Parent Center offers an amazing community of student-parents and families,” says Reyes. “My son and I are both so excited to move. I already have my class schedule and am taking full advantage of all of the great resources at UC Berkeley.” Reyes is the first in her family to attend a four-year university and will major in biochemistry. She is interested in medical school and a career in medical research.


“Healthy Paramount” Kick Off – A
Year of Promoting Physical Well-Being
“Healthy Paramount,” a year-long endeavor involving special events, health screenings, and programs designed to encourage healthy behaviors among Paramount residents, had its kick-off event on September 23 at Salud Park.
There were Zumba and yoga presentations, soccer and softball clinics for kids, face painting and arts and crafts, health screenings, cooking demonstrations on healthy eating, music, refreshments, and raffle prizes.
Spearheaded by AppleCare Medical Group, “Healthy Paramount” will promote a variety of tips and resources, help individuals set goals, and provide opportunities for health screenings from local participating doctors and clinics.
Residents can pick up a “Healthy Paramount Passport,” which is available at
City Hall, the City Recreation Department, and the Paramount Chamber of Commerce to guide them through this Year of Living Healthily.
The “Passport” booklet contains detailed information about where to get free screenings and on how participants can qualify for the AppleCare raffle to be held in August.
In addition to AppleCare, “Healthy Paramount” is sponsored by the City of Paramount, the Paramount Chamber of Commerce, the Los Cerritos YMCA, Lakewood Regional Medical Center, Lifegate Church, HealthCare Career College, NRG Fitness, Northgate Markets, Paramount Youth Soccer Organization, Paramount Girls Softball, and MUSA (PEP Moms).
For more information, please call 1-800-460-5051.










Paramount Pulse Beat
Serving the community since 1990 Promoting the community by sharing good news about a great city!
Paramount Dance Company Takes Part In Cultural Workshop

Paramount Dance Company students with Assemblyman
Dancers from Paramount Dance Company (PDC) recently attended cultural workshops at the Latinas Art Foundation Mariachi and Folklorico Festival. Twenty-two dancers from PDC participated in art, music and dance courses designed by instructors from all over Southern California, Tijuana and Colima.
The event took place at Our Lady of the Rosary Parish in Paramount where Speaker of the Assembly, Anthony Rendon, greeted guests and
spoke about the importance of cultural sharing. Participants learned a myriad of Folklorico dances as well as other forms of art. The day ended with dancers performing in front of a large crowd at Paramount High School West Campus.
Danaly Perez, co-owner of Paramount Dance Company, said “ It’s important to partner with programs in our city. The more opportunities that are available for kids, the greater the chances are they will succeed.”

Seven Ways to Protect Yourself from Business Identity Theft
This article is an excerpt from the America’s SBDC website (http://americassbdc.org).
For the full text visit: http://americassbdc. org/7-ways-protect-business-identity-theft/
By eric rosenberg
Identity theft impacts more than 17 million Americans per year, according to the Bureau of Justice Statistics, and businesses are not immune. The same havoc that identity thieves cause for individuals can harm a business’s finances and credit history. And, unlike individuals, when a business is attacked it could threaten the livelihood of many employees and customers who rely on the company. If you want to avoid identity theft for your business, follow these seven steps.
1. Switch to Digital Statements
Mail theft is a simple but common entry point for bad guys looking to steal a business’s information. Bank statements, credit card bills, human resources files, and other mail can be used to attack the business or others. To end susceptibility of mail theft, turn off the mail.
While most businesses are not able to go completely paperless, switching your bank and other financial statements to paperless takes just a few minutes and closes a major vulnerability.
Ask The Expert
2. Invest in a Quality Shredder
How many movies have you seen where someone pieces back together strips of paper from a shredder? End that risk with a high quality, cross cut shredder. You can get one online or at a local wholesale club for under $100, and it will protect your business from thousands of dollars in potential losses.
3. Build a Secure Filing System
If you do find your business does need to keep paper records for any reason, keep those papers secure. Records that could be used to compromise your business, employees, or customers should be securely locked away somewhere that only those with a business need can access.
4. Follow Digital Security Best Practices
Once your paper systems are secure, it is time to turn your attention to digital assets. A wireless internet router like you use at home does some of the work of keeping your digital assets safe, but you need to do a lot more to ensure total security.
Some best practices for small and midsized businesses include:
• Strong firewalls
• VPN for outside access
• Secure offsite data storage
• Scheduled virus and malware scans
• Automatic Windows and other software updates
• Secured wireless networks
Crowdfunding
Matt Wagner
GM Properties (562) 696-0200
Crowdfunding, or syndication, is the process of a broker or agent gathering investors into a group (most likely will be formed into a limited liability company or LLC) for the purpose of buying, operating and most likely selling income producing property. The broker or agent in this process is called a manager or syndicator. The syndicator will undertake duties to perform relevant due diligence on prospective properties on the market as well as fully inform each individual prospective investor of all aspects of the properties being looked at and the investment procedures that might influence any potential investors decision to invest his or her funds with the syndicator.
If you have any interest in investing in this manner, it is important to consider the process that the syndicator will need to follow in order to produce a successful investment for the investors. Here is a list of activities in chronological order that will need to be followed:
· Research available income producing properties on the market.
· Analyze the property selected, including physical condition, economic risks, natural hazards of location, security, title and operating data, etc.
· Contract to purchase the property in the syndicators name.
· Preparing a plan for forming and managing the LLC
· Prepare an Investment circular (IC), subscription agreement, LLC-1 and LLC operating agreement, naming the syndicator as the manager of the LLC.
· Deliver copies of the IC to pro -
• Limited software installation abilities for employees
• Train employees in digital security best practices
• Protect physical access to company computers
5. Monitor Business Credit Reports
According to the Colorado Secretary of State, monitoring your business credit is an important tool in keeping your business data secure. In addition to getting alerts from the government if someone tampers with your records, you should always keep up with your business credit. This helps you quickly spot suspicious activity and problems so you can stop and fix them before they get out of control.
Nav offers both your business and personal credit report and score for free. Sign up today to take the first step in monitoring your business credit. Your business’s prosperity is too important to leave to chance.
6. Well-Planned User Data Access
Everyone at your company should not have access to every file. Large businesses use multiple layers of system security to ensure only those with a need can access company data. The same should be true at small businesses.
If you use computer systems for daily operations, every employee should have their own username and password. They should never be shared between users and each account should only have access to the appropriate systems.
7. Use Strong Passwords
Last but certainly not least, use secure passwords. The top most common passwords are scarily guessable. 123456, qwerty, 111111, password, and 123123 are all among the top 10. While using a long, unique, random password might seem impossible, it is easier than most people realize.
Thanks to tools like Lastpass, Dashlane, and 1Password, you can create a unique password for every single site. If one gets hacked, you only have to change one password, not all of them. If someone can simply guess your password and get into your accounts, you might as well post your data on a billboard. While you don’t have to use those crazy rules to scramble words, you should follow smart password guidelines to stay safe.
Bonus Tip: Don’t Forget Secure Backups
While you are busy keeping your data safe, remember to create backups. In the event of a computer crash or in the worst case if a hacker gets access to your server, you don’t want to be left in ruins. Create multiple, redundant backups including an onsite and offsite copy.
Business Identity Security is Serious Business
Do not treat securing your data as something that can be put off. Procrastination means it may never get done, leaving your data vulnerable. It would be a shame to see your otherwise successful business killed by identity theft.
Follow best practices and monitor your business credit to ensure your business is safe. If you do, you have little to worry about and get back to what is most important: running your business.
spective investors for solicitation purposes.
· Obtain investors by having them sign the LLC operating agreement.
· Enter into a property management agreement with the syndicator to manage the day to day operations of the property. This needs to be signed by all investors.
· Finalize mortgage financing and sign loan documents
· File the LLC-1 (Articles of Organization) with the California Secretary of State.
· Assign the syndicators right to purchase the property to the LLC and take title to the property in the name of the newly formed LLC.
· Fund the purchase through the investors cash as well as the mortgage financing.
· Close Escrow and take control of the property, sending copies of the closing documents to all members of the LLC.
· Within 90 days of closing, the syndicator must file an LLC-12 with the Secretary of State, identifying the manager as the agent for service for public record.
· Operate the property on behalf of the LLC and distribute earnings to the investors.
When and if the property no longer meets the objectives of the formed LLC or when the initial goal of the LLC was to sell or exchange the property after a specified period of time, the syndicator will negotiate the sale of the property and distribute the net proceeds to the investors appropriately. If you have interest in this type of Investing, the rules have recently changed so the little guys can get in on this action as well. Talk to your local Commercial Real Estate Broker. Good luck.

















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