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3 January 2018 | 2 replies
Seems like a lot of layers, but for me the most important thing is:1) Protecting my new assets from risky assets I currently have2) Anonymity (hence NV or WY LLC)3) Most efficient tax structure as I plan to buy properties for AirBNBI spoke with the Andersen Law firm https://andersonadvisors.com/ -- does anyone have any experience using them?
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10 April 2019 | 2 replies
Many people getting conventional loans will establish the LLC first and purchase the property under the name of the LLC - but there are some challenges with this option, and the rates aren't generally favorable.The best strategy I have seen in this regard is when someone purchases the property in their personal name (offering the best financing through residential mortgages,) transfers the property into a land trust through a Warranty deed (to avoid the Due on Sale Clause and offer anonymity,) and finally assign the LLC as the beneficiary while listing yourself as the trustee to manage it.
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12 April 2019 | 8 replies
The operating company takes on all of the liability that would otherwise blow back on you including: paying property management, paying contractors, collecting rent, marketing, etc.5th pillar is owning everything anonymously.
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6 July 2023 | 3 replies
Unless you think you will be as famous as Elon or Zuckerberg, no reason to do an anonymous LLC, if someone wants to find you they will anyways, its just a lot more work registering and filing taxes in different states for the LLC.
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22 March 2022 | 10 replies
Be anonymous and get a property manager. 5.
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8 July 2023 | 52 replies
If you have relatives info, might anonymously report to get help.
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7 July 2023 | 3 replies
If you are a small investor / business, you likely want to create the LLC in the state where the property is in.If business case law, charging order protection and anonymity are important to you, you may want to create one LLC in a state such as Wyoming, Delaware, Nevada.
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14 May 2020 | 10 replies
It has a company name and LLC formation, but this is not required, I feel professional and anonymous.
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13 September 2019 | 2 replies
Some investors believe the only way to accomplish anonymity is by using the Wyoming LLC, which is not true but it could add to the advice you are getting.