All Forum Posts by: Lingo Lin

If a car dealership makes an email list of buyers, and those buyers have opted into the car dealerships list to be informed of new cars as soon as they become available...will it be ok to but company name and/or logo that the buyer is affiliated with, on my car dealership page?

The seller of the car wants to know that I have buyers and they also have many companies looking to sell their car, so if I can show the seller that i have a connection in some way to many competing car dealerships, they would be more likely to allow me to sell their car.

Is there any disclaimer that I would have to put on the page that lists the companies associated with the contacts that are on my buyer list?

Again, I’m not showing email, i’m just showing a logo or name of the company of which one of many buyers on my email list are associated with.

“My company has no contractual affiliation with any company listed below. Each contact on our buyer list have opted in to receive new cars for sale. All logos shown are the property of their respective company and only posted for illustrative and educational purposes only”

Will this disclaimer be enough to cover possible claims of trademark infringement, etc.?

@Jerry W. got it, thank you for that.

Any BP pros have a CPA in Wyoming that speaks Spanish? Focus on real estate taxes, investment groups LLC and the like. Thank You.

For the home value, does one use the tax assessment home value or a recent bank appraisal?

This is for a 2 family home, the owner lives in one unit and a tenant in the other.

I heard that either can be used, but i’m not 100% certain.

@Simon W. at the moment yes, will update the thread once I talk to RE Attorney and CPA (paid) regarding this, thank you everyone for your points, i’ll present it all to my paid Pros.

@Odie Ayaga I am seeking Paid pro advice on this and will update BP to all pros and cons of moving personal property to an entity..from tax side, legal side, insurance side, etc. Every pro has their view on this, the bigger picture will give better more concrete answers.

@Odie Ayaga , I think from the surface, following the crowd is never the way to go. Just like you may not see many personal homes owned by an entity, try to up the price point of the homes and you will see the opposite is true.

High income individuals, millionaires, celebrities, don't have their homes in their names...it may be "name LLC" but that's still not under their name, its protected inside an entity. If I have the option of putting on a vail or not, I would like to choose the vail...why not?

Why not choose the vail?

If its an insurance issue, there are ways to get the coverage, and if placed in the proper entity the insurance will cover as if it was under persons name.

I understand people will sell you things, but so long as that is noted and you make sure you get a second opinion from another RE Attorney if needed, things will boil down to the truth.

I’m understanding Homestead laws more thanks to this thread on BP, and the state you have property in really determines if its really needed to place personal home in an entity to protect from outside lawsuit judgements.

Its slowly becoming clearer to me as I do more research that owning 100% of what you own through entities is the way to go. The Rich own nothing, they control everything, is said for a reason.

Just because someone is Rich by their own definition of the word, does not mean they should not act and do as the Rich do.

At least that is my train of thought in all of this.

Those that say don’t do it, I think are protecting their interests and professions.

Those that say do it, may very well be selling something, but who cares so long as what they are selling actually protects the consumer.

The thread about the man that had the SEC in a maze trying to get his assets should put light on the matter...not saying to commit fraud if thats what he did, i’m saying to look at how hard it was to get to his assets, even his personal property.

@Christian Becker Thank you, I purchased that book today as well as;

“Tax Free Wealth” by Tom Wheelwright (Rich Dad Advisor - CPA) and

“Loopholes of the Rich” by Diane Kennedy,

...looking forward to reading them. :)

@Frank Chin simply Wow!

Not to get off topic as I dont know the facts of his case, I don’t condone fraud of any kind, but Wow!, how he had/has those investigators unsuccessful in trying to pin him to any property, and how authorities resorted to what seemed like kidnapping and holding him in jail for ransom, which is completely unconstitutional BUT effective as the family gave up just a tiny piece, enough to satisfy the authorities so they could call it “a win” in the eyes of the public.

That was pretty extreme, but it does show how well asset protection, when done right (within the letter of the law) can be very effective at protecting asset. This rabbit hole goes pretty deep.

So many people say leave it under your name, now what wealthy or famous person has their personal property under their own name?

I think i’m pretty satisfied as to this journey on BP with regard to this topic, there is clearly no consensus, it speak to a RE Attorney and CPA in NY and NJ who knows the laws to the letter.

I get the tax code is a series of incentives or penalties depending on how one structures their financial house.

Now if I own a business and invest in real estate, how can I effectively pay zero in taxes?

If I’m creating many jobs and creating housing for people, given an example, how can I pay little to no taxes?

Any real world example out there?