UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-Q

(MARK ONE)

[X]      QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE
             SECURITIES EXCHANGE ACT OF 1934

               Fof the quarterly period ended September 30, 2010

[ ]     TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE
             SECURITIES EXCHANGE ACT OF 1934

            For the transition period from              to

                       Commision file number: 001-32574
                                               ---------

                            GOLDEN GATE HOMES, INC.
             (Exact Name of Registrant as Specified in Its Charter)

          DELAWARE                                       87-0745202
   (State or other jurisdiction of incorporation          (I.R.S.
      or organization)                           Employer Identification No.)


               855 Bordeaux Way Suite 200, Napa, California 94558
                    (Address of principal executive offices)

                                 (707) 254-8880
                          (Issuer's telephone number)

Check  whether  the issuer (1) filed all reports required to be filed by Section
13  or  15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and  (2) has been
subject  to  such  filing  requirements for the past  90 days.   Yes [ ]  No [X]

Indicate  by  check mark whether the registrant has submitted electronically and
posted  on  its corporate Web site, if any, every Interactive Data File required
to  be  submitted  and posted pursuant to Rule 405 of Regulation S-T (232.405 of
this  chapter)  during  the preceding 12 months (or for such shorter period that
the  registrant  was  required  to  submit  and  post  such  files).  Yes   No

Indicate  by  check mark whether the Registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company.  See
the  definitions  of "large accelerated filer," "accelerated filer" and "smaller
reporting  company"  in  Rule  12b-2  of  the  Exchange  Act  (Check  one).

Large accelerated filer         [ ]    Accelerated filer    [ ]

Non-accelerated filer           [ ]    Smaller reporting company [X]
(Do  not  check  if  smaller  reporting  company)

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act).  Yes [ ]  No [X]

State the number of shares outstanding of each of the issuer's classes of common
equity,  as  of  the  latest  practicable  date:  3,755,188  common shares as of
December  14,  2010

                                           1
<PAGE>


PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

                              GOLDEN GATE HOMES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEETS
                                  (UNAUDITED)


                                                September 30,     December 31,
                                                    2010              2009

ASSETS
Current assets:
Cash                                       $        31,381   $          10
Deposit                                             50,000               -
Prepaid Expenses                                       984               -
Other Current Assets                                 7,150               -
                                                ----------------------------
                          Total Assets             $89,515   $          10
                                                ============================

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current liabilities:

Accounts payable and accrued expenses      $       143,597   $      10,000
Other current liabilities                              109               -
                                               ----------------------------
                         Total liabilities         143,706          10,000

Stockholders' deficit

Preferred stock, $0.0001 par value, 1,000,000
shares authorized, 0 issued and outstanding              -               -
Common stock, $0.0001 par value, 600,000,000
shares authorized, 3,755,188 and 3,648,511
shares  issued outstanding as of September 30,
2010 and December 31, 2009, respectively               375            364
Paid-in capital                                  2,564,956      2,019,022
Deficit accumulated during the
   development stage                            (2,619,522)    (2,029,376)
                                               ---------------------------
Total Stockholders' deficit                        (54,191)        (9,990)
                                               ---------------------------
Total Liabilities and Stockholders' deficit        $89,515  $          10
                                               ===========================

                  See notes to unaudited financial statements.

                                            3

<PAGE>

                              GOLDEN GATE HOMES, INC.
                         (A DEVELOPMENT STAGE COMPANY)
                             STATEMENTS OF INCOME
                                  (Unaudited)



                                                                    Period from
                                                                    May 11, 2005
                    Three Months Ended          Nine Months Ended (inception) to
                    September     September    September 30 September September
                      30, 2010      30, 2009     30, 2010    30, 2009   30, 2010
                    ------------------------------------------------------------
 Brokerage &  Fee
   Income                3,741            -        3,741          -       3,741

Operating Expenses:

   General &
     Administrative    235,809        8,266      594,250       34,673 1,547,839

  Impairment of deferred
     transaction costs       -            -            -          -   1,844,724
                      ---------------------------------------------------------
Operating loss        (232,068)      (8,266)    (590,509)   (34,673) (3,388,822)
                                                                     -----------

Other income (expense):

Interest income             28            -          363          -   5,663,893

Interest Expense             -      (12,272)           -    (36,228)    (77,471)

Gain/loss on settlement
   of debt                   -            -           -           -     669,656

Gain(loss) on derivative
   liabilities               -           -            -          -     203,596

Extinguishment of Debt       -           -            -          -     (928,182)
                       ---------------------------------------------------------
Total Other income         28      (12,272)         363    (36,228)   5,531,492
                       --------------------------------------------------------

Pretax income (loss) (232,040)     (20,538)   (590,146)    (70,901)   2,142,670

Income tax expense
   (benefit)                -            -                 -     -       (5,692)
                      ----------------------------------------------------------

Net income (loss)   $(232,040)  $  (20,538)   (590,146)  $ (70,901) $ 2,136,978
                     ==========================================================

Earnings (loss) per
   common share

   Basic & Diluted  $   (0.06)  $    (0.13)     (0.16)       (0.45)         N/A


Weighted average number
   of common shares
   outstanding

   Basic & Diluted  3,739,087      157,302  3,688,650      157,302         N/A

                See notes to unaudited financial statements
                                              4
<PAGE>
                            GOLDEN GATE HOMES, INC.
                        (A Development Stage Company)
                           STATEMENTS OF CASH FLOWS

                                 (Unaudited)

                                                                 Period from
                                                                  May 11, 2005
                                   Nine Months Ended             (inception) to
                               September 30,     September 30,    September 30,
                                   2010             2009              2010
                              -------------------------------------------------

CASH FLOWS FROM OPERATING
ACTIVITIES
Net income (loss)             $  (590,146)    $   (70,901)      $   2,136,978
Adjustments to reconcile net
  income (loss) to net cash used
  in operating activities:
Shares issued for services         15,150               -              15,150
Investment income                       -               -          (5,663,530)
Loss(Gain) on derivative
   liability                            -               -             (203,596)
Gain on settlement of debt              -               -              (6,937)
Gain on settlement of
    interest expense                    -               -            (711,441)
Impairment of deferred
   transaction costs                    -               -           1,828,626
Loss on extinguishment of debt          -               -             928,182

Change in:
Other current assets and
   prepaid expenses                (8,134)              -             (8,134)
Deposit                           (50,000)                           (50,000)
Accounts payable and accrued
   expenses                       133,706           1,147            810,828
Due to related party                    -          36,228             51,254
                             -----------------------------------------------
Net cash used in operating
   activities                    (499,424)        (33,526)          (872,620)

CASH FLOWS FROM INVESTING
ACTIVITIES
Deferred transaction costs              -               -         (1,828,626)
Payment to trust account                -               -        (76,532,404)
Disbursements from trust account        -               -         82,195,934
                            ------------------------------------------------
Net cash provided by investing
   activities                           -               -          3,834,904
                                           5
<PAGE>
CASH FLOWS FROM FINANCING
ACTIVITIES
Proceeds from sale of stock           48,295           -              79,545
Contributed Capital                  482,500           -             595,615
Proceeds from advances from
   stockholders                 -          -      33,365           1,270,282
Gross proceeds from public
   offering                                -           -          79,350,000
Gross proceeds from private
   placement                               -           -           2,000,004
Proceeds from sale of
   underwriter options                     -           -                 100
Payments on advances from
   stockholders                            -           -            (329,000)
Cash paid for offering costs               -           -          (4,743,110)
Special dividend payment                   -           -         (81,190,596)
Proceeds from convertible debt             -           -              36,257
                           -------------------------------------------------
Net cash provided by (used
   in) financing activities          530,795     33,365           (2,930,903)
                           --------------------------------------------------

Net change in cash                    31,371       (161)              31,381
Cash at beginning of period               10        171                    -
                          ---------------------------------------------------
Cash at end of period       $         31,381  $      10      $        31,381
                          ==================================================

Supplemental disclosures:
Cash paid for interest      $              -          -      $             -
Cash paid for income taxes                 -          -                7,228

Non-cash transactions:
Conversion of Shareholder
   to Notes                                -          -              928,182
 Conversion of Notes to
   common stock                            -          -              977,539



              See notes to unaudited financial statements

                                         6



<PAGE>

                            GOLDEN GATE HOMES, INC.
                     (A DEVELOPMENT STAGE COMPANY)
                     NOTES TO FINANCIAL STATEMENTS
                            (UNAUDITED)

NOTE 1 - BASIS OF PRESENTATION

General

The  accompanying  unaudited  interim financial statements of Golden Gate Homes,
Inc. (hereinafter referred to as the "Company") have been prepared in accordance
with  accounting  principles  generally accepted in the United States of America
and  the  rules of the Securities and Exchange Commission, and should be read in
conjunction with the audited financial statements and notes thereto contained in
the  Company's  Annual  Report on Form 10-K for the year ended December 31, 2009
filed with the SEC. In the opinion of management, all adjustments, consisting of
normal  recurring  adjustments,  necessary  for a fair presentation of financial
position  and  the results of operations for the interim periods presented, have
been  reflected  herein.  The  results of operations for interim periods are not
necessarily indicative of the results to be expected for the full year. Notes to
the  financial  statements that would substantially  duplicate  the  disclosures
contained  in  the  audited financial statements for the year ended December 31,
2009  and  the  period  from  May  11,  2005 (inception) to December 31, 2009 as
reported  in  the  Form  10-K  have  been  omitted.

Business

The  Company  is  a development stage company that markets and sells residential
property  located  in  California  to buyers in mainland China through a Chinese
broker.  The  Company enlists the services of acquisition brokers in California,
who  present the Company with residential properties that are typically owned by
a  developer  or  financial  institution.  The  Company is currently focusing on
"consignment" transactions whereby the Company enters into an agreement with the
owner  of  the  properties  to  market  such  properties overseas.  Terms of the
consignment  agreement  specify  the price at which the Company has an option to
purchase  each  of  the  properties,  which the Company then seeks to re-sell to
buyers  in  China.
                                          7
<PAGE>
Revenue  Recognition

Our  revenue  is  recognized  based  on  objective  criteria that do not require
significant estimates or uncertainties. Our policy follows the guidance from SEC
Staff  Accounting  Bulletin  104,  "Revenue  Recognition"  ("SAB  104"). SAB 104
provides guidance on the recognition, presentation, and disclosure of revenue in
financial  statements.  The  Company books revenue at the close of escrow, after
the  sale  of  the  property  has  been  consummated and all fees paid and title
recorded.  The  mechanism  of  the Company's closings is as follows: the Company
purchases  the  property  from  the  developer  at the agreed upon option price,
records  the deed of trust and pays the settlement fees.  The Company then sells
the property to the third-party buyer, who pays his share of settlement fees and
records  the  deed  of trust in his or her name.  Only after the cash is in hand
does  the Company recognize the revenue.  The Company records revenue as the net
difference between the sale price to the third-party buyer and the price paid to
the  developer  for  the  option.  For  its asset management services, the asset
management  agreement  provides  for the Company to receive a portion of the fee
for  leasing  properties to tenants.  Revenue is booked only after the lease has
been  signed,  the fee collected by the property manager, and the fee reflecting
the  Company's  portion  received  by  the  Company.  In addition, monthly asset
management  service  fees  are  recorded  only after the monthly rental has been
collected  from  the  tenant and the portion of the fee allocated to the Company
for  its  services  has  been  received.


Contingencies

We  account  for  claims  and  contingencies  in  accordance  with  SFAS  No. 5,
"Accounting  for  Contingencies"  ("SFAS  5"). SFAS 5 requires that we record an
estimated loss from a claim or loss contingency when information available prior
to  issuance  of  our financial statements indicates that it is probable that an
asset  has  been  impaired  or  a liability has been incurred at the date of the
financial  statements  and  the  amount of the loss can be reasonably estimated.
Accounting  for  claims  and  contingencies  requires  us  to  use our judgment.



DEVELOPMENT  STAGE  COMPANY

The  Company  is  a  development  stage  company.


REVERSE  STOCK  SPLIT

On  March  8, 2010, the Company effected a 1-for-35 reverse split, which did not
change  the  par value of the common stock.  The reverse stock split changed the
issued  and  outstanding  shares of our common stock to 3,648,511 as of March 8,
2010.  All references to common stock and per share data have been retroactively
restated  to  account  for 1-for-35 reverse stock split as if it occurred on the
first  day  of  the  first  period  presented.

                                         8
<PAGE>
DEPOSIT

In  conjunction  with  a consignment arrangement to market and sell certain real
estate  properties  in  northern  California,  the Company deposited into escrow
$50,000  as  an  option  payment  for  these  properties, which was subsequently
released to the developer of the properties.  The option payment is reflected on
the  Company's  balance  sheet  as  an  asset.  The  Company is currently in the
process  of  attempting  to  negotiate  certain  terms with the developer of the
properties.  Among  the  terms  being  negotiated  are performance based targets
leading  to  the  return  of  the  option  payment.

NOTE  2  -  GOING  CONCERN

The  Company's  cash  position as of September 30, 2010 is $31,381.  The Company
has  outstanding  payables  and  other  current  liabilities  of  $143,706 as of
September  30,  2010.  Because of the Company's current cash position versus its
outstanding  payables  and  accruals,  there  is  substantial  doubt  about  the
Company's  ability  to  continue  as a going concern. The accompanying financial
statements  have  been  prepared  assuming  the Company will continue as a going
concern.  The  future  of the Company is dependent upon the Company's ability to
consummate  sales  of  properties  and  the  development  of  new  business
opportunities.  See  "PART  II  -  OTHER  INFORMATION  - ITEM 1A. RISK FACTORS."
Should all current sales for which there are deposits close, the Company expects
its cash position to be adequate.  Management may need to raise additional funds
via  a  combination of equity and/or debt offerings.  These financial statements
do  not  include  any  adjustments  that  might  arise  from  this  uncertainty.

NOTE  3  -  RELATED  PARTY  TRANSACTIONS

Expenses  paid  on  behalf  of  the Company and funds contributed to the Company
through  the entity that holds a controlling interest in the Company are treated
as  contributed  capital  and reflected in additional paid-in capital.  $482,500
was  contributed  during  the  nine  months  ended  September  30,  2010.

The Company paid Great Western Holdings, a wholly-owned entity of certain family
trusts  of Tim Wilkens, a fee of $4,500 per month for providing us with  the use
of certain limited office space in Napa, California. No other executive officer
or  director  has  a  relationship  with  or interest in Great Western Holdings.

NOTE  4  -  EQUITY

In  June  2010,  the Company sold 83,985 shares of common stock to an officer of
the  Company  and  to  a  former  director of the Company for $38,295 in private
transactions.

The  Company  issued  15,000  shares  valued  at  $15,150  to  an  individual as
compensation  for  consulting work.  In addition, on August 9, 2010, the Company
sold  7,692 shares of common stock to an individual in a private transaction for
$10,000.

                                       9
<PAGE>
NOTE  5  -  RESERVES

The Company has provided a rental rate guarantee for a period of one year to the
purchaser  of  one  of  the  properties sold during the third quarter.  However,
because the property is currently rented at a price above the rate of the rental
guarantee,  and  the  current tenant has furnished a security deposit that would
apply  to any early termination of such lease and the Company's property manager
has  assured  the  Company that the property could be re-leased at an equivalent
price  in  a  short  time  frame,  the  Company  has  not  reserved against this
guarantee.  There  may  be  situations in the future, however, that will require
the  Company  to  reserve  against  similar  guarantees.

NOTE  6  -  REVENUE

Our  revenue  is  comprised  of  the  following:


                   Three Months Ended     Nine Months Ended  Period from May 11,
                   September 30, 2010     September 30, 2010 2005 (inception) to
                                                             September 30, 2010
                   ------------------------------------------------------------
Revenues:

Gross revenues
   from brokerage sales  $   650,500      $   650,500         $   650,500

Cost of properties sold     (601,500)        (601,500)           (601,500)

Broker commissions (U.S.)     (8,732)          (8,732)             (8,732)

Broker commissions (H.K.)    (35,290)         (35,290)            (35,290)

Closing costs                 (1,825)          (1,825)             (1,825)
                           -----------------------------------------------
Income from brokerage sales    3,153            3,153               3,153

Asset Management Services:

Asset management fees            88               88                  88

Property leasing fees           500              500                 500
                          -----------------------------------------------
Brokerage & Fee Income        3,741            3,741               3,741

                                         10
<PAGE>

ITEM  2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF  OPERATIONS.

This  Quarterly  Report  on Form 10-Q includes forward-looking statements within
the  meaning  of  Section  27A  of  the  Securities Act of 1933, as amended, and
Section  21E  of  the Securities Exchange Act of 1934, as amended. We have based
these  forward-looking  statements  on  our current expectations and projections
about  future  events,  and  we  assume  no  obligation  to  update  any  such
forward-looking  statements.  These  forward-looking  statements  are subject to
known  and  unknown risks, uncertainties and assumptions about us that may cause
our  actual results to be materially different from any future results expressed
or  implied  by such forward-looking statements. In some cases, you can identify
forward-looking  statements  by  terminology  such  as  "may," "should," "could,
"would,"  "expect," "plan," "anticipate," "believe," "estimate," "continue," or
the  negative  of  such  terms  or other similar expressions. Factors that might
cause  our  future  results to differ from those statements include, but are not
limited  to,  those  described  in  the  section  entitled "Risk Factors" of the
Form  10-K.  The  following  discussion  should  be  read  in  conjunction  with
our  condensed  financial  statements  and  related  notes  thereto  included
elsewhere  in  this  report  and with the section entitled "Risk Factors" of the
Form  10-K.

GENERAL

The  Company has historically been a blank check company.  It was formed in 2005
under  the  name "JK Acquisition Company" (which was subsequently changed to "JK
Acquisition  Corp."),  to  serve  as  a  vehicle  for the acquisition, through a
merger,  capital  stock  exchange,  asset  acquisition or other similar business
combination with a then unidentified operating business.  On April 11, 2006, the
Company  completed its initial public offering (the "IPO") of equity securities,
raising  net  proceeds  of  $79,350,000.  On  September  6,  2006,  the Company,
Multi-Shot,  LLC  ("Multi-Shot")  and  various  other  parties  entered into the
Agreement  and  Plan  of Merger (the "Merger Agreement") and related agreements.
Over  the course of this transaction, the parties twice amended the terms of the
Merger  Agreement  and twice extended the transaction.  On January 31, 2008, the
Company  announced  that  the special meeting of its stockholders to vote on the
proposed  merger with Multi-Shot had been cancelled.  The Company determined and
informed  Multi-Shot that the proposed merger would not receive the votes of its
stockholders required for approval.  The Merger Agreement expired on January 31,
2008,  and  the  proposed merger with Multi-Shot was abandoned. As a result, the
Company's Board of Directors determined it would be in the best interests of the
stockholders to distribute to stockholders holding shares of common stock issued
in  the  IPO  all  amounts  held  in  a  trust  fund  (net  of applicable taxes)
established  by  the Company at the consummation of the IPO into which a certain
amount  of  the  net  proceeds  from  the  IPO  had  been  deposited.

Because  the  Company  did not consummate a qualifying business combination, the
Company's  Board of Directors contemplated alternatives for preserving value for
stockholders.  Ultimately,  the  Board  of  Directors  proposed  to  amend  the
Company's  certificate of incorporation to permit the continuance of the Company
as  a  corporation  beyond  the  time  currently  specified  in  the  Company's
certificate  of  incorporation.  The  Company's  stockholders  approved  this
amendment  to  the Company's certificate of incorporation.  After such approval,
the  Board  of  Directors  began seeking a company or companies that the Company
could  acquire  or  with  which  it  could  merge.

                                     11
<PAGE>
Before any such action was taken, a change of control of the Company occurred on
December 31, 2009 when GGH, Inc. (formerly Golden Gate Homes, Inc.), a privately
held  Delaware  corporation  ("GGH"),  acquired  from  the Company's two largest
stockholders  shares  of  the  Company's common stock representing approximately
96.5%  of  the outstanding shares of the common stock.  GGH purchased the shares
to  pursue  a  business  opportunity  through the Company, pursuant to which the
Company  is  seeking  to  sell  residential  real  estate  in  the United States
(initially  primarily  in  California)  to  international  home  buyers.

In  connection  with the transaction described in the preceding paragraph, James
P.  Wilson  resigned from the Company's Board of Directors on December 31, 2009,
and  Steven  Gidumal was elected to the Board to fill the newly created vacancy,
to  serve  along  with  Keith  D.  Spickelmier,  who  subsequently resigned as a
director  on  March  17, 2010, and was replaced by Tim Wilkens.  In addition, on
December  31, 2009, all of the Company's then serving officers resigned, and the
Company  elected  a  new  slate of officers.  Furthermore, on March 8, 2010, the
Company  changed  its corporate name to "Golden Gate Homes, Inc." and effected a
1-for-35  reverse  split  of the Company's common stock to improve the Company's
capital  structure.

As  a  result  of  the  change  in control of the Company, the Company adopted a
significant change in its corporate direction.  The Company has decided to focus
its  initial  efforts  on  a  plan  of  operation  that  focuses  on  marketing
high-quality, distressed residential properties in exclusive US markets (with an
initial  focus  on  California)  to  international  buyers (primarily from Asia)
through  exclusive  selling agreements or consignment arrangements. In the event
that  the  Company  is  successful  in  completing  a  major  capital  raising
transaction,  it  will also consider purchasing similar assets for resale to the
same  target  market.

The  Company  has  entered  into  an  exclusive marketing agreement with Premier
Capital,  Ltd. ("Premier Capital"), which management believes is critical to the
Company's  success.  Management believes that Premier Capital is one of the most
reputable  international  real  estate  consulting  firms in Asia, and is highly
regarded  for  selling international properties throughout China and other parts
of  Asia.  Premier  Capital  was  founded in Hong Kong in 1988 and expanded into
China  in  1997.  It  has offices in Hong Kong, Beijing, Shanghai, Guangzhou and
Shenzhen,  the  five  Asian cities on which the Company will initially focus its
selling  efforts.  Premier  Capital also has offices in Australia, Singapore and
New  Zealand.

                                     12
<PAGE>
Under  the  exclusive  marketing agreement, Premier Capital has agreed to act as
the  Company's  exclusive  agent  in  Hong  Kong  and  mainland  China to market
properties  that  are  approved by Premier Capital and for which the Company has
obtained  sales  options or agreements ("Approved Properties").  Premier Capital
has  agreed  not  to list, market or sell any properties from the U.S. states of
California, Nevada, Arizona or Washington from any source other than the Company
without  the  Company's approval.  The Company will pay the bulk of the expenses
arising in connection with the marketing of Approved Properties in Hong Kong and
China,  although  Premier Capital will bear some of these expenses as well.  For
its  services,  Premier  Capital  will  be  paid  a  customary brokerage fee for
Approved  Properties  sold  in  Hong  Kong  and  China.  The  agreement is for a
four-year  term  ending  in  the  middle  of  October  2014  and  will renew for
additional  one-year terms so long as the Company provides at least 100 Approved
Properties  per  year pursuant to the agreement.  The agreement is the result of
an almost 20-year personal relationship between Tim Wilkens, the Company's Chief
Executive  Officer,  and Philip Leung, the owner of Premier Capital.  Management
believes  that,  so  long  as  the  Company  performs  satisfactorily  under the
agreement,  the  agreement  will  be renewed.  However, if the agreement were to
terminate  for  any  reason,  the Company would be forced to find an alternative
third party to market the Company's properties in China and other parts of Asia.
The  Company  has no assurance that it would be able to find such an alternative
third  party,  in  which  case  the  Company's  business,  prospects,  financial
condition  and  results  of  operations  would  most  likely  be  materially and
adversely  affected.



RESULTS  OF  OPERATIONS

Comparison of Nine Months Ended September 30, 2010 and 2009

For  the  nine  months  ended September 30, 2010, we had a net loss of $590,146,
compared  to a net loss of $70,901 for the nine months ended September 30, 2009.
For  the  nine  months ended September 30, 2010, we incurred $594,250 of general
and  administrative  expenses, compared to $34,673 of general and administrative
expenses  for  the  nine  months  ended  September  30,  2009.  This increase in
expenses  is reflective, in part, of the Company's increased activity as it puts
its  new  business  plan  into  effect.  Of  the  $594,250  of  general  and
administrative  expenses reflected on the Company's Statements of Income for the
nine  months  ended  September  30,  2010, $48,457 was expended on the Company's
behalf  by  the  entity  that  holds  a  controlling  interest in the Company to
research and develop the Company's new business plan prior to its acquisition of
such  control  on  December  31,  2009.

Comparison  of  Three  Months  Ended  September  30,  2010  and  2009

During  the  three  months  ended  September  30, 2010, we had $650,500 in gross
revenues  on  the  sale  of  two  properties. Margins on these transactions were
narrow, as the consignment agreement the Company entered into with the developer
of  the  properties was priced aggressively as the Company attempts to prove its
business  concept.  In addition, the Company had revenues of $588 from its asset
management  business.  For  the  three months ended September 30, 2010, we had a
net  loss  of  $232,040,  compared to a net loss of $20,538 for the three months
ended  September  30,  2009.  For  the three months ended September 30, 2010, we
incurred  $235,809  of  general  and  administrative expenses as compared to the
three  months  ended  September 30, 2009, when we incurred $8,266 of general and
administrative  expenses.

                                             13
<PAGE>
CHANGES  IN  FINANCIAL  CONDITION

Liquidity  and  Capital  Resources

The  Company's  cash  position as of September 30, 2010 is $31,381.  The Company
has  outstanding  payables  and  other  current  liabilities  of  $143,706 as of
September  30,  2010.  Because of the Company's current cash position versus its
outstanding  payables  and  accruals,  there  is  substantial  doubt  about  the
Company's  ability  to  continue  as a going concern. The accompanying financial
statements  have  been  prepared  assuming  the Company will continue as a going
concern.  The  future  of the Company is dependent upon the Company's ability to
consummate  sales  of  properties  and  the  development  of  new  business
opportunities.  See  "PART  II  -  OTHER  INFORMATION  - ITEM 1A. RISK FACTORS."
Management may need to raise additional funds via a combination of equity and/or
debt  offerings.  These financial statements do not include any adjustments that
might  arise  from  this  uncertainty.

As  described  in  the  Form  10-K,  the  Company  is  in the process of raising
additional funds for its new business plan. The Company currently has twenty-two
sale  reservations  across three projects totaling approximately $7.8 million of
gross  real estate sales which represent approximately $1,000,000 of net revenue
before  commissions and expenses and $440,000 of gross income after all expenses
that  are currently waiting on third-party mortgage financing that it expects to
close  in  the next few months, and that the Company expects will be a source of
cash  for operations.  In addition, the Company made a $50,000 option payment in
connection  with  a  consignment  transaction  we  entered  into to sell certain
properties  in  northern California, which is reflected on the Company's balance
sheet  as  an  asset.  The  Company is currently in the process of attempting to
negotiate  certain  terms with the developer of the properties.  Among the terms
being  negotiated  are  performance  based  targets leading to the return of the
option  payment.



Off-Balance  Sheet  Arrangements

Other than contractual obligations incurred in the normal course of business, we
do  not  have  any  off-balance  sheet  financing  arrangements  or liabilities,
guarantee  contracts, retained or contingent interests  in transferred assets or
any  obligation arising out of a material variable interest in an unconsolidated
entity.  We  do  not  have  any  majority-owned  subsidiaries.



ITEM  3.  QUANTITATIVE  AND  QUALITATIVE  DISCLOSURES  ABOUT  MARKET  RISK.

Market risk is a broad term for the risk of economic loss due to adverse changes
in  the fair value of a financial instrument. These changes may be the result of
various  factors,  including  interest  rates, foreign exchange rates, commodity
prices  and/or  equity  prices.  We  are  exposed to market risk from changes in
interest  rates  and  foreign  currency exchange rates. Our exposure to interest
rate  risk  is  limited to interest income sensitivity for working capital funds
placed  in a money market account.  The effect of interest rate changes does not
pose  significant  market  risk to us.  Also, we are exposed to foreign currency
exchange  rates  whereby the strengthening of the US currency could make it more
expensive for our foreign purchasers to buy our US properties, while a weakening
US  currency  would  make  our  properties  less  expensive to our international
clients.  We  do  not  currently  hedge against interest rate or currency risks.
The effect of other changes, such as commodity prices and/or equity prices, does
not  pose  significant  market  risk  to  us.

                                    14
<PAGE>
ITEM  4T.  CONTROLS  AND  PROCEDURES.

Evaluation  of  Disclosure  Controls  and  Procedures

We  carried  out  an  evaluation,  under  the supervision of our Chief Executive
Officer  and  Chief  Financial  Officer,  of the effectiveness of our disclosure
controls  and  procedures  pursuant to Rule 13a-15 under the Securities Exchange
Act  of  1934,  as  amended  (the  "Exchange  Act"), as of the end of the period
covered  by  this  quarterly  report.  Based  on that evaluation, management has
concluded  that,  as  of September 30, 2010, our internal control over financial
reporting  was  effective.

CHANGES  IN  INTERNAL  CONTROL  OVER  FINANCIAL  REPORTING

There  were  no  changes  in  our  internal controls over financial reporting in
connection with the evaluation required by Rule 13a-15(d) under the Exchange Act
that  occurred  during  the period covered by this Quarterly Report on Form 10-Q
that  have  materially  affected, or are reasonably likely to materially affect,
our  internal  controls  over  financial  reporting.


                          PART  II  -  OTHER  INFORMATION

ITEM  1.  LEGAL  PROCEEDINGS.

None.

ITEM  1A.  RISK  FACTORS

WE  MAY  NOT  BE  ABLE  TO  ARRANGE  FINANCING  FOR  OUR  OVERSEAS  BUYERS.

We  sell our homes to buyers who expect the Company to assist them in securing a
mortgage for their purchase.  Our buyers put between 30% and 40% of the purchase
price  down  in  cash,  a  high  percentage  relative  to current and historical
averages in the U.S., which we believe makes these buyers attractive to mortgage
lenders.  However,  we do not yet have a program in place with a lending partner
that assures a steady supply of mortgage capital for our buyers.  Therefore, our
buyers  may  meet  with delays in securing mortgages as information requirements
vary from lender to lender, which may result in an increase in costs and fees to
both  the  buyer and the Company, and which may also ultimately result in a loss
of  sales  for the Company.  We believe we can secure such a relationship with a
lending  partner,  but  there  is  no  assurance  that we will be able to do so.

Other  than  the  risk  factor  set forth above, there  have  been  no  material
changes  to  the  risk  factors  previously  disclosed  in  the Annual Report on
Form  10-K  for  the  year  ended  December  31,  2009.

                                      15
<PAGE>
ITEM  2.  UNREGISTERED  SALES  OF  EQUITY  SECURITIES

On  July  31,  2010,  the  Company  issued  15,000  shares  of common stock to a
consultant  of  the Company as compensation for services rendered.  On August 9,
2010, the Company also issued 7,692 shares of common stock to another individual
for  $10,000  in  cash, at a purchase price of $1.30 per share.  Such shares are
exempt  from  registration  under  regulations  promulgated  by  the  Securities
Exchange  Commission  under Section 4(2) of the Securities Act, as amended.  The
exemption  was  available on the basis that there was no general solicitation in
connection  with the placement and sales were only made to accredited investors.


ITEM  6.  EXHIBITS.

NUMBER          DESCRIPTION

31.1    Certificate  of  Chief  Executive  Officer  pursuant  to  Section
        302  of  the  Sarbanes-Oxley  Act  of  2002

31.2    Certificate  of  Chief  Financial  Officer  pursuant  to  Section
        302  of  the  Sarbanes-Oxley  of  2002

32.1    Certificate  of  Chief  Executive  Officer  pursuant  to  Section
        906  of  the  Sarbanes-Oxley  Act  of  2002

32.2    Certificate  of  Chief  Financial  Officer  pursuant  to  Section
        906  of  the  Sarbanes-Oxley  of  2002


                                  SIGNATURES

Pursuant  to  the  requirements  of  Section  13  or  15(d)  of  the  Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its  behalf  by  the  undersigned,  thereunto  duly  authorized.

                                         GOLDEN  GATE  HOMES,  INC.

Date:  December  15,  2010                By:/s/  Steven  Gidumal
                                         -------------------
                                          Steven  Gidumal
                                          Chairman  of  the  Board
                                          and  Chief  Financial  Officer
                                         (Principal  Financial  and  Accounting
                                              Officer)

                                              16