Keeping Ownership Annoymous in Rental Properties

[Mak K.]

I am from Texas and am having hard time finding the right way to purchase real estate rentals (SFH). I have tried doing TX LLC which is owned by WY LLC. This allows to stay annoymous. The only issue comes is now I have to maintain two LLC structure, their annual fillings etc.

I buy in Cash with no mortgage so I do-not have to worry about banks etc

What are my other options for TEXAS? Anybody having creative ways? How do you structure your purchases?

[Nathan Gesner]

Unnecessary. Your insurance will cover you for 99.9% of lawsuits, most of which are disputes over security deposits. I've been watching this issue for over 12 years into the only people that lose their property in a lawsuit are landlords attempting to course sex from tenants, running slums despite years of warnings, and blatantly disobeying the law over and over again. 

if your property is leveraged, you won't have much equity in it for them to come after so creating an LLC and a false lein would be a waste of time and money.

People spend way too much time setting up LLCs and buying extra insurance. The number one way to protect yourself is to know and obey the law.