All Forum Posts by: Terry Thomas

@Anson Young

I really appreciate your reply. Thank you!

What’s the most effective way to find foreclosures before the auction phase?

Door knocking seems to be the most common method. Are there any more efficient ways to find these people?

@Daniel Hyman

Thank you!

@Lance Lvovsky

Thank you!

@Basit Siddiqi

Thank you for the response!

I've heard that if I'm sued the plaintiff can potentially have access to funds and other assets acquired as a sole proprietor, and in some cases, even if my REI assets are held in a single LLC.

I’m thinking long term and would like to also flip, buy and hold, the brrrr method etc. eventually.

That said I would like to remain anonymous as a landlord, and a sole proprietorship won’t cut it. Nor does it have many tax advantages, I’ve heard.

The best tax advantages, anonymity, and asset protection from lawsuits. Is there such a combo or am I thinking too much into it?

@Jerryll Noorden

How you doin’ my dude? Hope all is amazing. Quick question: How is your business structured?

I’d like to know what’s the best way to structure my real estate business for anonymity, asset protection, and the best tax advantages?

I've heard of several setups: LLC's within a Wyoming-based holding LLC, LLC in a land trust, etc. Do you have a similar setup or are you familiar with such?

Hello all.

I’d like to know what’s the best way to structure my real estate business for anonymity, asset protection, and the best tax advantages?

I've heard of several setups: LLC's within a Wyoming-based holding LLC, LLC in a land trust, etc. Anyone with a similar setup or experience with such?

@Greg Dickerson

Thank you Greg! Appreciate the prompt response. Thanks so much for the advice. Met wit a lawyer at a meetup shortly after reading your comment. Thank you.

@Jerryll Noorden

Thank you so much bro! I will definitely be in touch.

@Jerryll Noorden

I have adopted this mindset.

Thanks again. 🙏🏾