Tired of getting calls from wholesalers and flippers

[Alan Grobmeier]

I average 2 calls a week where someone calls me up and wants to buy one of my rental properties.  I have heard the speeches so often I KNOW what they are gonna say next.  Usually it starts out with, "we have bought a property in the neighborhood and are looking to buy another.  Would you be interested in selling?"

So, I have taken to going into 'full idiot mode' when I receive these calls.  My first question is:  Where be that other house you just bought?  I wanna know the address since I know the neighborhood well.  We get past that part and they ask about renovations I've done over the last 5 years.  I give them a brief list, in my redneck/idiot voice.

And THEN we get down to the 'tricky' part:  How much do I want?  I can, literally, waste 5 minutes of this person's time on this question.  I point out the fact that whoever points out the price first loses.

I'm usually met with a pathetically low-ball offer, to which I respond, "you make me laugh, ha ha".

So, I waste a couple more minutes while we discuss price.  I ask them if they will be giving me cash, since that is what I want.

Then I inform them that all offers have to go thru my attorney since the accident where I hit my head too hard.  ;-)  That USUALLY ends the conversation shortly thereafter.  LOL.

My question is:  How do I get off these lists?  It really sucks.  Sometimes it is fun to amuse myself at these ppl's expense. I figure if I am wasting their time, they have less time to call someone else.  :-(

AG

[Scott Smith]

I would suggest the anonymous land trust. The power of anonymous land trusts is that these Anonymous Trusts can own the LLC itself as well as serve as Title Holding Trusts for the real estate asset. Yes, The LLC typically must disclose the members of the LLC on the filing instruments called the Articles of Incorporation. However, the member listed on the filing can be an Anonymous Trust. It does not have to be your name. Since the Anonymous Trust is a private document and it is not filed with the State, anybody researching the Owner or Beneficiary of the Trust will be unable to find that information in the public records. Additionally, anyone researching the owner of the real estate asset by searching the County Clerk records will only find the name of the Anonymous Land Trust. Since the Owner of Trust and the beneficiary is not registered with the state, they cannot find out that the Series LLC is the beneficiary of that Trust. If they wanted to fight this in court it would take again substantial amount of more time, billable ours, labor, manpower and money.

Anonymity and privacy are just parts of asset protection. You ideally want to find an experience real estate attorney who can help you set up a solid strategy - both from annoying callers as well as any unwanted law suits.

This is not legal advice, this is just my opinion as a real estate investor.