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Updated about 11 years ago on . Most recent reply

User Stats

14
Posts
1
Votes
Brian Christian
  • Rental Property Investor
  • Urbandale, IA
1
Votes |
14
Posts

Most Popular Reply

User Stats

438
Posts
344
Votes
Chris Piper
  • Wholesaler
  • Mishawaka, IN
344
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438
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Chris Piper
  • Wholesaler
  • Mishawaka, IN
Replied

@Brian Christian I would recommend setting up a land trust for each property, or you can also set up one land trust and put all of the properties into it. You can make yourself or an LLC the benficiary to the trust or trusts. This will provide asset protection for your properties and anonymity so no one will know that you are the owner of the properties, and any searches won't reveal that they are your properties, and no one will be able to see what you paid for any of your properties. Additionally Brian, you can set up a series LLC. Please read what I wrote to Nalo below.

@Nalo Coban A series LLC is set up so that you can have multiple LLC's under one main LLC. The benefit is that each branch(LLC) within the series LLC is protected from the other branches(LLC's) in the event that any one of the LLC's is sued or runs into any legal problems. You can google "Bill Bronchick series LLC" then when the search results come up, click on "What is a Series Limited Liability Company by Attorney William ..." That should answer your questions about a series LLC.

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